Millennials are asking for prenuptial agreements much more than what was common in the past. One of the reasons for this is that they are more in tune with their financial goals and they aren’t afraid to speak up about this matter.
A prenuptial agreement is important for anyone who is getting married, regardless of their financial situation right now. This is especially true if you and your betrothed have different views about money. For example, if you like to spend money and your significant other likes to save, a prenuptial agreement can help to protect both parties.
There is another reason for the uptick in prenuptial agreements in millennials. This generation is getting married later than previous generations. They are often more financially secure than other generations were when they got married. Essentially, these individuals have more to protect than what their parents have.
In the past prenuptial agreements were viewed as almost taboo. This isn’t the case now. People usually view prenups as a smart move that helps keep equality in the marriage while offering protection to the husband and the wife. Neither party has to worry about losing everything if they divorce.
A third reason for the increase in premarital agreements in millennials is that these individuals are more likely to have professional success. Doctors, lawyers and anyone who has worked to build a business likely wants to protect that hard work from everything, including an unexpected divorce.
A prenup that is executed properly can provide all of these benefits. If you need a premarital agreement or even a post-nuptial agreement, make sure that you execute it in accordance with Texas law so that it is valid if you ever need it.
Source: dailyherald.com, “Why millennials are more likely to have a prenup than their parents,” Jonnelle Marte, accessed Sep. 08, 2017