Have you heard the term conscious uncoupling? It has been touted in the media as a more civilized manner of dissolving a marriage, but how does it apply to divided assets? The following article examines how conscious uncoupling affects estates and trusts.
Although both Paltrow and Martin have certainly created a considerable amount of wealth (3) since they got married in 2003, it is important to remember that they had already achieved substantial success when they met. “Whatever they brought to the marriage is perfunctorily considered separate property, and any earnings after the wedding become marital assets in the absence of an effective premarital instrument to determine what should rightfully and separately belong to husband and wife,” explains Mr. Beatrice.
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