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More than 50% of American marriages end in divorce. That is a sad fact. Sadder still is the fact that in many states, the wealthier spouse can be left with dramatically reduced assets after the divorce details are all ironed out. States like California for instance, have laws that greatly favor the spouse with fewer assets.

Asset Protection Planning Before Marriage

Obviously, it makes great sense to walk into a marriage knowing that your wealth is protected, and that any divorce down the line will not leave you greatly impacted financially. One way to do that is by getting your to-be spouse to sign a prenuptial agreement. Unfortunately, there are a lot of negative connotations that the words “prenuptial agreement” bring up. Your fiancée is very likely to be offended, and in fact, we often notice that this is one of the reasons why people put off the idea of having a pre-nup in the first place.

For people like this, and depending on the size of the assets, we would suggest an asset protection plan instead. A domestic or foreign asset protection trust is becoming more popular as a means of preserving wealth in the event of a divorce, as long as it is done BEFORE the marriage. Not everyone will benefit from having an offshore asset protection trust, compared to a prenuptial agreement. When the assets in question are smaller in comparison to the cost of establishing and maintaining an offshore trust, your attorney will likely not promote the idea of a trust.

However, if you’re getting married soon, are doing very well financially and are worried that your fiancée would be put off by talk of a prenuptial agreement, speak with an experienced asset protection attorney, and evaluate your options. You might just be able to protect your assets without having to initiate that uncomfortable pre-nup conversation.

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Pashmina Lalchandani

CEO & Co-Founder, Bar & Cocoa / Owner, Flow Simple
December 9, 2010, Douglass was a client of Pashmina’s

I’ve known Doug in many contexts, as a friend, as a client and as a business partner and he impresses me on all levels. He’s dependable, smart, generous and I wouldn’t hesitate recommending him and his law firm to anyone.
He’s the best and most ethical lawyers providing asset protection with rock solid strategies to give you peace of mind about your wealth. Straight forward, and straight talk. Doug is exactly the lawyer I want on my side. If I send someone to Doug, I know they’ll thank me for it!

Social & Solar Entrepreneur, Pan Afrikan Theorist, Translator/Interpreter,
Founder & Visionary Leader @ Afrikanpride.
March 12, 2011, Marlon E. D. J. worked with Douglass but at different companies

Doug is one of the most powerful thinker i have came across. During the short time that i have known Doug he has been a great source of inspiration. He has a simplistic yet effective and accurate way to analyze anything you bring to his attention, and then by asking you key questions he gets you to see the light at the end of the tunnel. Besides being extremely bright, he is a genuine and caring individual which is why I feel fortunate to know him. I can say without a doubt that he his the person you would want to talk to if you were in need of a person with his expertise.
Most of the lawyers out there will probably meet your needs, but if you are looking for someone to exceed your expectations and give you that wow factor, look no more he is the person for the job.

Patricia Salter

Associate Dentist at Smileology
December 1, 2010, Patricia was a client of Douglass’

I have been a client of Douglas Lodmell’s since 2001. My main concern was asset protection in this litigious society. I can sleep alot better at night knowing I have the instruments in place to protect the fruits of my labor, and that they will not end up in the hands of a slick trial attorney.

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