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Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Millionaires: Pre Nup is Smart if not Romantic

A pre nup may not sound romantic, but it can be a smart financial move, according to Millionaires surveyed by Millionaire Corner.

| BY Adriana Reyneri

The vast majority of affluent investors chose not to get a prenuptial agreement when they tied the knot, but a significant share of Millionaires would recommend a pre nup agreement to someone getting married today, according to a Millionaire Corner survey conducted in May.

More than 45 percent of Millionaires participating in the survey said they would recommend a pre nup to a young couple, even though few of the Millionaires (5 percent) have their own prenuptial agreement. (Millionaires are even more likely to recommend a couple outline their financial goals and expectations prior to getting married.)

In comparison about one-third (35 percent) of investors with less than $100,000 to invest thinks a prenuptial agreement is a good idea for a couple facing marriage, and 4 percent have their own pre nup.

Why are Millionaires more likely to recommend a pre nup to a young couple? The savvy investors seem to realize that a prenuptial agreement makes sense in a society where, according to federal data, 50 percent of first marriages end in separation or divorce after 20 years. Divorce rates are even higher for subsequent marriages.

A pre nup may not increase the chances for a lasting marriage, but it can help protect the financial interests of husband and wife in the case of divorce or death. According to the website Bankrate.com, a prenuptial agreement is a contract that specifies how assets will be distributed in such an event. A pre nup is recommended for individuals with assets such as stock, a home or retirement funds, according to Bankrate, and also makes sense for individuals who own a business or who expect to receive an inheritance. (Half the business owners surveyed by Millionaire Corner in May would recommend a pre nup, and nearly 10 percent have one of their own.)

A pre nup can also protect children or grandchildren from a previous marriage, or other loved ones, such as elderly parents, said Bankrate. A prenuptial agreement is also recommended when one member of a couple is significantly wealthier than the other. Additionally, a pre nup may make financial sense when one member of a couple is pursuing a potentially lucrative profession or expects a big increase in income due to a successful business or other venture. (A credit check prior to marriage also speaks volumes about your intended’s attitudes toward money.)

While a pre nup may not sound romantic, according to Bankrate, it may help reduce “heartache and hassles” in the event of divorce.