Updated Tuesday, September 2, 2014 as of 1:18 PM ET

Love & Marriage: 4 Rules for Client Prenups

As an estate planning specialist, I've worked on hundreds of prenuptial agreements, representing clients on both sides of the equation: those seeking to protect assets, and those from whom the assets are to be protected. I've found that most of the knowledge people have about prenuptial agreements comes from movies and television shows (Imagine all your medical knowledge coming from Grey's Anatomy).

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Comments (3)
Re: Rules of Engagement

Ms. Craig:

You raise a critically important consideration that does not receive the attention warranted. I will keep this brief. As a licensed attorney and investment/insurance professional, I am becoming increasingly concerned by the inclination of agents and advisors to overstep professional lines when working with clients.

I am not suggesting that your article is without merit; to the contrary and as I stated previously, it is very important. However, similar to other articles appearing in many financial professional journals, there appears to be a disregard for the "rules of engagement" as they pertain to the activities of non-lawyers when entering unfamiliar and precarious terrain.

I am currently working with a substantial client whose financial resources are governed by a prenup. My first order of business was to ensure that the client understood which side of the fence I occupied (financial advisory).

My second order of business was to ensure that any responsibility and potential liability for even the slightest perception of rendering legal advice resided with the appropriate advisor, the attorney.

I was compelled to respond with this commentary as this consideration arises often and financial advisors have to be very careful about where and how they "tread."

Interesting enough, understanding and knowing how to "navigate" the rules of engagement can often lead to more substantive and lucrative strategic alliances, along with earning a "healthy respect" from the client.

David F. Sterling, Esq., Consultant



Posted by David S | Thursday, February 13 2014 at 1:23PM ET
n pre-nup protects the rights of both the couple- components. It ensures a
agreed-upon payout on the happening of an event. This protects the ultra-rich from gold -diggers. Although this a typical movie situation, nevertheless, it is true and more so in today's world where technocrats find themselves cashing in on a business early in life.
Posted by KIMMY B | Thursday, February 13 2014 at 1:34PM ET
What is the typical approach for this situation less than a year post-marriage?
Posted by Kevin D | Friday, February 14 2014 at 1:25PM ET
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