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Earn Your Leisure

Why Wealthy Families Demand Prenups

Earn Your Leisure

iHeartPodcasts

Business, News, Careers, Education, Business News, Investing, Entrepreneurship

4.97.9K Ratings

🗓️ 20 April 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

Ruthless wealth transfer rule used by the ultra-rich. Refusing to sign a prenuptial agreement means your heirs will get absolutely nothing from the family trust.

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Transcript

Click on a timestamp to play from that location

0:00.0

This is an I-Heart podcast.

0:02.6

Guaranteed Human.

0:04.4

Can we play this clip about our pre-nups are just for marriage?

0:07.0

They're crucial for estate planner.

0:08.6

Let's do it.

0:09.2

I thought this is fascinating.

0:11.2

You don't have a pre-nup, you don't take under the will.

0:14.1

First, all my children are married.

0:17.5

All my children have pre-nups.

0:19.9

In my estate, it works like this.

0:23.3

If you don't have a pre-nup, you don't take under the will.

0:26.6

So I become the bad guy.

0:28.9

And every time I tell people this, I don't know how your kids are, you will remember this, believe me.

0:33.4

So you don't want your kid to have to be the bad guy.

0:37.2

You're the bad guy.

0:38.2

So my kids can say, hey, my dad.

0:41.6

My dad's my dad.

0:44.0

Now, if you don't want to sign it, we're not getting shit.

0:48.1

That's right.

0:48.9

And so that's the first thing.

0:51.7

The prenups are fairly tough. Okay. Like, you know, one of them, one of the, one lawyer said this is the most egregious document I've ever read. Egregious. Egregious. I'm sure you took it as a compliment. I said by design. And so, but listen, all of my, the daughter-in-laws, the son-in-law, I love these folks, but I'm not going to have a situation where somebody can come in and, you know, my one son, Matt said, because he was the first one, he's like, well, daddy, maybe I put a clause in there that if I cheat on my wife, that is a null and boy, I go, no, no, no, no, no, no. Because we don't need to have any litigation. He goes, I'm not going to cheat. I said, I know you're not, you know. He asked that question. I said, let's just get the document signed. So I did that years ago in 2008, I had everything appraised and I gave the big

1:46.3

gift to them where you could give up to like 24, 25 million. So I did that. I built a company called

...

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