The American Association of Matrimonial Lawyers (AAML) was asked about prenuptial agreements, or prenups, in 2013, and almost two-thirds (63 percent) of those surveyed stated that they had seen a significant rise in their use in recent years, especially by women.
Forty years ago, 8 in 10 people were married by the age of 30. Last year, that same number applied to people getting married at the age of 45.
In today’s world, millennials often postpone marriage until they are financially secure. Moreover, during their marriage planning process, they are more likely to protect their assets by establishing a prenuptial agreement in the event of a divorce.
Getting married is one of the most exciting times in someone’s life. Soon-to-be married couples eagerly anticipate spending the rest of their lives together and creating lasting memories. Yet before marriage, many couples decide that it is in their best interest to draft agreements on certain assets, and they often have questions that they are afraid to ask.
When you hear the term “prenuptial agreement,” there is a good chance you think about a high-net worth couple looking to protect financial interests and holdings. Even if the couple has not accumulated a significant amount of wealth, a prenuptial agreement may still be used in situations where one or both spouses own a business or a portion of a business. There is, however, another very common scenario in which a prenuptial agreement is, at the very least, a good idea if not indispensable. A prenuptial agreement can be used to protect the rights of children from a previous relationship for both you and your spouse.
Marriage is a celebration of love and commitment between two partners hoping to spend their lives together. While most couples enter marriage with the best of intentions, divorce statistics in the United States show that many couples do not have a happily ever after. For this reason, many divorce attorneys and other specialists encourage couples to consider prenuptial or postnuptial agreements. While discussing the dissolution of your marriage before it has begun can seem unpleasant, when properly drafted and implemented, a prenuptial or postnuptial agreement can truly benefit both spouses. Prenuptial and postnuptial agreements are no longer only utilized by America’s wealthiest couples. Here is what you need to know.
In the world of celebrities and millionaires, in which whirlwind romances (and splits) are par for the course, prenuptial agreements find themselves at the center of focus for many couples. These contracts help decide who gets what, and when they may receive it after a divorce.