The Sad Tale of Hubby and Lovey: Preparing One's Estate for the Possibility of Divorce

In this episode of "Splitting Heirs," Warren K. Racusin, partner and Chair of Lowenstein's Trusts & Estates practice, speaks with Sharon L. Klein, EVP, President - Family Wealth, Eastern U.S. Region & Head of National Divorce Advisory Practice, Wilmington Trust, N.A., about estate planning for divorcing couples, including  "grey divorce"—when couples in their 50s and older—often with significant assets—decide to go their separate ways. They address the importance of—before initiating divorce proceedings—reviewing all of one's estate planning documents, including beneficiary designations, executors, trusts, and prenuptial agreements, to make sure that they reflect your current wishes, and they illustrate the dangers of failing to prepare for a split with examples of disastrous celebrity breakups. Speakers: Warren K. Racusin, Partner and Chair, Trusts & EstatesSharon L. Klein,  EVP, President - Family Wealth, Eastern U.S. Region & Head of National Divorce Advisory Practice, Wilmington Trust, N.A.