October 2018 Bar Bulletin
By Kim Schnuelle
A middle-aged woman named Ann comes into your office and tells you a sad story. She has been married to John for 20 years. Before she met John, he had inherited approximately $15 million from his mother’s estate. He invested these funds well and they have grown to an estate of approximately $50 million in value.
When they met, he was living solely off the sizeable monthly interest from this inheritance and he has continued to do so to the present day. Ann and John lived together for three years and then married in the Hamptons. Neither of them worked during the marriage (except for...