QUESTION
In the event of the death of one of us, would we need a prenup in addition to our wills and trusts?
Asked on Feb 24th, 2017 on Estate Planning - California
More details to this question:
We are in our 70's. I have 3 children. He has none. We both have our property/assets in a trust.
2 ANSWERS
The purpose of a pre-nup is to separate designating assets owned before marriage. You can not separate assets acquired after marriage and before the pre-nup. If it is community property, it remains so. You do not provide sufficient information for any answer.
Answered on May 09th, 2017 at 7:45 AM
Edwin K. Niles
If you have a well-drafted trust you should be covered. Pre-nups are primarily for the eventuality of divorce.
Answered on May 08th, 2017 at 2:28 PM