<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>What does the pre-nup say?</div><div><br></div><div>Tom<br><br>Sent from my iPad</div><div><br>On Dec 24, 2014, at 3:01 PM, Glenn Price <<a href="mailto:glenn@pricefarrington.com">glenn@pricefarrington.com</a>> wrote:<br><br></div><blockquote type="cite"><div><meta http-equiv="Content-Type" content="text/html; charset=us-ascii"><meta name="Generator" content="Microsoft Word 14 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--><div class="WordSection1"><p class="MsoNormal" style="margin-left:.25in"><span style="font-size:12.0pt">Ladies and Gentlemen:<o:p></o:p></span></p><p class="MsoNormal" style="margin-left:.25in"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoNormal" style="margin-left:.25in"><span style="font-size:12.0pt">A scenario for your consideration:<o:p></o:p></span></p><p class="MsoNormal" style="margin-left:.25in"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="font-size:12.0pt"><span style="mso-list:Ignore">1.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt">H (60) and W (58) have been happily married for almost eight years – the second marriage for each – and have an approximately $9M estate. <o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="font-size:12.0pt"><span style="mso-list:Ignore">2.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt">W has four adult children from a previous marriage and H has two. <o:p></o:p></span></p><p class="MsoListParagraph"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="font-size:12.0pt"><span style="mso-list:Ignore">3.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt">W brought most of the assets into the marriage following the signing of a pre-nuptial agreement, but H and W now consider all assets to be community property and owned 50/50, with estate tax planning in place such that the first spouse to die can position his/her 50% of the estate as appropriate.<o:p></o:p></span></p><p class="MsoListParagraph"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoListParagraph" style="text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="font-size:12.0pt"><span style="mso-list:Ignore">4.<span style="font:7.0pt "Times New Roman""> </span></span></span><!--[endif]--><span style="font-size:12.0pt">Here’s the wrinkle: In the unlikely event that the marriage ever dissolves, W wants to assure – and H agrees – that the assets in the estate will be divided 80% to W and 20% to H (with specific asset valuations and allocation to be determined at that time). As long as both spouses knowingly and voluntarily sign off on such an agreement with access to all information and benefit of independent counsel, is this achievable? Any reason why such an agreement would be undoable or unenforceable?<o:p></o:p></span></p><p class="MsoListParagraph"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt">Thanks for your insights. And my very best wishes a for happy holiday and healthy, happy 2015.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-size:12.0pt">GDP<o:p></o:p></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy">Glenn D. Price, J.D.<br>Price & Farrington, PLLC<br><i>Attorneys and Counselors at Law <o:p></o:p></i></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy">Parkwood Office Center<br></span><b><span style="font-size:12.0pt;color:#1F497D">2370 130<sup>th</sup> Avenue N.E., Suite 103</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy"><br>Bellevue, Washington 98005<br>Phone: 425.451.3583 Fax: 425.522.4818<o:p></o:p></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy">Email: </span><u><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue"><a href="mailto:glenn@pricefarrington.com">glenn@pricefarrington.com</a></span></u><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy"><br>Home page: <a href="http://www.pricefarrington.com/" title="blocked::http://www.pricefarrington.com/"><span style="color:blue">www.pricefarrington.com</span></a><o:p></o:p></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy">Estate, Tax, Retirement and Asset Protection Planning</span><span style="color:#993366"><o:p></o:p></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:navy">This e-mail and any attachment is intended solely for the use of the addressee(s) and is privileged and confidential within the attorney-client privilege. 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