Safeguarding Assets from an Ex-Spouse

Marriage is one of life’s biggest milestones. Unfortunately, for many couples, so is divorce.

That’s why it makes sense to consider how an upcoming wedding—be it yours or that of a child or grandchild—could impact both your current wealth and your wealth planning goals. Too often, one or both spouses in a divorce end up parting with assets they assumed were theirs to keep. Additionally, parents and grandparents worry that money they plan to pass down to their adult child might someday end up in the hands of an ex-spouse.

The good news: There are often ways that couples who are tying the knot can add layers of protection to some of their assets. With that in mind, here are some asset protection strategies to consider if you’re getting married (or remarried), or if your son or daughter is headed down the aisle.

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Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.