You probably know that prenuptial agreements are intended to protect a couple’s assets in the event that they divorce. In a prenup, the spouses and their attorneys set forth the terms by which the couple’s property will be divided after they split up.
A recent survey shows that prenuptial agreements are more popular than ever for an unexpected demographic—millenials. The survey was conducted by the American Academy of Matrimonial Lawyers, which polled a swath of its member attorneys. According to the poll, over 50 percent of attorneys have seen an increase in millennial clients who request prenups before their marriages.
The New Year can be a fresh start on life, and a second marriage can be a fresh start on love. Couples who are about to enter a second marriage often wish to create the sense of romance that their first marriages lacked. To that extent, they may forego a prenuptial agreement—but this is a huge mistake.
You and your fiancé are deeply in love, and ready to tie the knot. The last thing you want to think about is a divorce. After all, divorce is for other couples-- couples who aren’t as in love as you and your partner. Isn’t it?
Okay, so prenuptial agreements are not exactly known for their sense of romance. Sometimes nothing could seem less appealing than sitting down with your future spouse and discussing what might happen to your finances if you divorce.
When you are planning a wedding and the changes marriage may bring to your life, you don’t want to worry about entering a messy legal process. Luckily, a prenuptial agreement is simple to create and can save headaches down the road.
Whirlwind romances don’t occur exclusively in movies. Sometimes there’s a spark when people meet online or while on vacation. The spark turns into love and evolves into a marriage proposal. After vows are exchanged, something may not feel right and it feels like a mistake has been made.
If you pay attention to pop culture news, you probably have noticed the lack of celebrity weddings this summer. This also means that news of celebrity prenuptial agreements have largely been non-existent. For those unfamiliar with prenuptial agreements, they are essentially contracts that people seeking to get married enter into that lay out rules for how the parties will conduct themselves in the event of a divorce. Some prenups also govern how the parties will conduct themselves during the marriage.
Does the notion of a prenuptial agreement taint the romance between couples who seek to be married? This is a question that has vexed people as prenups have become bigger part of our culture. On the one hand, it is prudent to think about the future and plan for the unexpected. It follows the old adage “if you prepare for the worst, you can expect the best.”
While the concept of a prenuptial agreement may not prove particularly romantic, the legal document is becoming increasingly common in American society, and with good reason. You may think of a prenuptial agreement as something only relevant for those with particularly high incomes, but there is a myriad of other reasons having a "prenup" in place is a good idea.