HOW THE WEALTHY STAY THAT WAY
What’s the most tried and true strategy employed by the wealthy to ensure a prenup gets put in place?
Shareholder agreements in closely held companies (like a family business) often include a clause requiring shareholders to have a prenuptial agreement that ensures company shares don’t become ensnared in separation/divorce proceedings. Aside from protecting the company (and its family of shareholders), its also an elegant way to bring up the often-awkward prenup conversation in a way isn’t awkward at all.
Such clauses spark important conversations that couples should probably be having anyway.
But what if you don’t already have a family business with such a clause in its shareholder agreement? Or perhaps you do, but your existing shareholders aren’t interested in updating the agreement?
PROTECTION MILES ABOVE
Similar to a shareholder agreement, your Society membership introduces a legal requirement to have a prenup that protects you and your intended heirs, but instead of protecting just one business, your membership obliges you to execute a prenup to protect all of your assets including your home(s), your business(es), your intellectual property, and your investments... and your future income.
And because your membership exists for the noble objective of protecting the financial interests of your future heirs, awkwardness is even more elegantly removed from the equation. You are simply honoring your word on a promise given. There’s nothing awkward about that.
The only way it can be made awkward is if your intended spouse challenges the interests of your intended heirs by refusing to sign a prenup that protects their interests. And that's exactly the point.
Suggesting a prenup is never awkward when it's a legally binding requirement to protect your intended heirs.
HOW THE WEALTHY STAY THAT WAY
What’s the most tried and true strategy employed by the wealthy to ensure a prenup gets put in place?
Shareholder agreements in closely held companies (like a family business) often include a clause requiring shareholders to have a prenuptial agreement that ensures company shares don’t become ensnared in separation/divorce proceedings. Aside from protecting the company (and its family of shareholders), its also an elegant way to bring up the often-awkward prenup conversation in a way isn’t awkward at all.
Such clauses spark important conversations that couples should probably be having anyway.
But what if you don’t already have a family business with such a clause in its shareholder agreement? Or perhaps you do, but your existing shareholders aren’t interested in updating the agreement?
PROTECTION MILES ABOVE
Similar to a shareholder agreement, your Society membership introduces a legal requirement to have a prenup that protects you and your intended heirs, but instead of protecting just one business, your membership obliges you to execute a prenup to protect all of your assets including your home(s), your business(es), your intellectual property, and your investments... and your future income.
And because your membership exists for the noble objective of protecting the financial interests of your future heirs, awkwardness is even more elegantly removed from the equation. You are simply honoring your word on a promise given. There’s nothing awkward about that.
The only way it can be made awkward is if your intended spouse challenges the interests of your intended heirs by refusing to sign a prenup that protects their interests. And that's exactly the point.
Suggesting a prenup is never awkward when it's a legally binding requirement to protect your intended heirs.