An example of the benefits of a trust compared to to prenuptial agreement are illustrated in the current divorce litigation between Kenneth C. Griffin, hedge fund manager and founder and CEO of the investment firm Citadel LLC, and Anne Dias-Griffin, who took a break from being a hedge fund manager to care for her family. Griffin and Dias signed a prenup, which Dias is now attempting to have invalidated due to alleged collusion between her husband and psychologist. By opting for a prenup compared to a trust, a couple risks the agreement being invalidated and the contentious details of their financial affairs and divorce being made public.
See, Hedge Fund Titan Finds Out That Prenuptial Agreements Don’t Make for a Good Asset Protection Hedge, Opines UltraTrust.com, PRWEB, Sept. 23, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
