Women With Money

25 May 2022 · 1 min

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In this concise video, the speaker addresses the growing financial parity between women and men in marriages and long‑term relationships, emphasizing the importance of safeguarding women’s assets. She outlines three primary legal tools: (1) prenuptial agreements, which require independent lawyers for each party and are effective when properly drafted; (2) postnuptial agreements for couples already together, also requiring dual legal representation, and the option of asset‑protection trusts—particularly domestic asset protection trusts that combine irrevocable trust protection with continued access to assets, though availability varies by state; and (3) cohabitation agreements for unmarried partners, which delineate ownership and division of assets upon separation. The speaker concludes by inviting viewers to follow her for further guidance on protecting money for themselves and their children.

Chapters

Women entering a marriage or a long-term relationship are just as likely today to have money as the man is. So women, let's talk about how to protect your assets. And here are 3 ways to do it. Pre-nups are still a good way to protect assets if they're done right, and both sides need to have a lawyer to do that. If you're already in a relationship, a post-nup is what you need. And again, both sides need a lawyer. An asset protection trust is a good way to protect your assets. There are different types of these depending on the state you live in. Depending on your situation, you may want a domestic asset protection trust. These are only available in certain states, but the big benefit is you get all the protections of an irrevocable trust yet you can still have access to the assets. A third good way to protect yourselves is with a cohabitation agreement. If you're in a long-term relationship and you're not married, this agreement sets out who owns what asset and who will get the assets if you split up. Follow me for more information on how you can protect your money for yourself and for your kids.