Interviews with the Next Generation of Experts, Commentators, Entrepreneurs and Creatives in and around wealth and the wealth management industry. From Frazer Rice, noted fiduciary expert, operator of frazerrice.com and author of "Wealth Actually".
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Interviews with the Next Generation of Experts, Commentators, Entrepreneurs and Creatives in and around wealth and the wealth management industry. From Frazer Rice, noted fiduciary expert, operator of frazerrice.com and author of "Wealth Actually".
Community vs Equitable Distribution (Does the Pre-Nup contract this away?)
Separate property
Outside trusts? Estate Planning?
Pre-nup vs ultra high net worth pre-nup
Financial Considerations (and Complication)
Non-Financial- NDA, media activity, scope of negotiations, data and tech issues
Let's go through the General Fact Pattern
High Profile
Asymmetric Net Worths
Kids?
Which state is used for choice of law? Portability?
How do you make sure this has teeth? (Coercion penalties)
Spousal support / alimony?
Escalator or sunset clauses?
Disqualifying or "infidelity" or "weight gain" clauses?
What happens if children?
Other constituencies - charities, businesses, political causes etc
Integration with estate documents, life insurance, other vehicles
Is there a check-in every five years?
What else can we learn from what is inside the Bezos Pre-Nup?
Transcript
Frazer Rice (00:02.07) - Inside the Bezos Pre-Nup
Welcome aboard, Marilyn.
Marilyn Chinitz (00:04.088)
Thank you, really nice to be here and nice to talk to you about what's inside the Bezos Pre-Nup.
Frazer Rice (00:07.541)
We sort of regaled ourselves with a mutual friend and we're already, I feel like we're already related. That's right. So we're going to talk a little bit about probably one of the highest profile marriages in the world that just happened with the Bezos Sanchez union and get inside the Bezos pre-Nup. But for just for a little bit here, let's talk about what happens in a sort of family law divorce setting.
Marilyn Chinitz (00:13.39)
Your best and glorious buddies are ready.
Frazer Rice (00:35.232)
With general concepts because we're going to be diving into some specifics with the case study here. What happens when something goes wrong and we have a divorce that happens without a prenup?
Marilyn Chinitz (00:46.734)
So it depends what state you're in. If you're in a state like New York, then we have equitable distribution laws. If you're in a state like community property in California, then those laws are very different. So if you have no prenup, and a lot of people don't because they start their marriage with very little assets, and everything that you acquired during your marriage is now subject to a division.
Frazer Rice (00:49.569)
Of course.
Marilyn Chinitz (01:15.918)
And what happens is you start to trace the assets and you look...
Wealth Actually
Interviews with the Next Generation of Experts, Commentators, Entrepreneurs and Creatives in and around wealth and the wealth management industry. From Frazer Rice, noted fiduciary expert, operator of frazerrice.com and author of "Wealth Actually".
