If you’re going to get married, it can be worth considering how you and your spouse would each protect your financial interests in case you split up.
Sure, you likely have nowhere near the wealth held by divorcing couple Bill and Melinda Gates. Yet when it comes to protecting your assets ahead of marriage, that doesn’t particularly matter, experts say. If you plan to wed, it may be worth determining how you and your spouse would each protect your assets and financial interests in case you end up going your separate ways. “Anyone who has significant assets — which is in the eye of the beholder — that they either earned or inherited, and would want protected in the event of divorce, should consider a premarital agreement,” said Gary Altman, founder and principal attorney of estate-planning law firm Altman & Associates. Here’s a look at more on how to manage, grow and protect your money. The Gates, worth an estimated $130.3 billion and splitting after 27 years of marriage, apparently had no prenuptial contract — a so-called “prenup” — in place.
