When couples get engaged, they often think of how happy their futures will be together. While this mindset is often one of positivity and love, it may also be wise to consider the potential for a marriage that does not work. One way individuals could protect themselves in the case of future divorce is to create prenuptial agreements.
California residents may be interested in a recent report indicating that there has been an increase in these types of agreements being created, especially among young individuals. A survey involving the American Academy of Matrimonial Lawyers revealed that 51 percent of the participating attorneys stated that they saw an increase in Millennial-aged parties seeking prenups. Additionally, only 2 percent of those attorneys indicated that they had witnessed a decrease.
It is unsurprising to some that this increase is taking place, as prenups can be beneficial for protecting assets. Many Millennials are getting married at older ages, which means they have likely accumulated more assets by the time they walk down the aisle. It is not unusual for parties to have hopes of maintaining ownership of certain properties, and creating prenups could help interested individuals strengthen the likelihood of just that.
Getting married is a major life change, and as with any such change, preparing for the possible impacts of future issues could be considered responsible. Therefore, California residents may wish to find out more about prenuptial agreements in order to prepare for the possibility of divorce, no matter how unlikely it may seem at the time. For those who would like more reliable information, experienced attorneys are available to provide assistance.
Source: Time, "Prenups Aren't Taboo for Millennial Couples", Kristen Bahler, Oct. 28, 2016