The concept of a prenuptial agreement has long had a negative connotation. Just bringing up the idea in certain circles was tantamount to saying, “I plan to get a divorce from this person I’m about to marry.” Of course, we’ve debunked this myth on this blog several times. After all, no one gets vehicle insurance with the idea that they plan to crash their car. In the same way, no one gets a prenup with a plan to get divorced, but the prenup provides peace of mind should it happen.
More and more millennials are seeing the wisdom in it as well. They’re generally more open to talking to their partner about finances and aren’t afraid to think of themselves as separate from the person they are marrying. This is especially true with young women, who are increasingly focusing on careers and don’t want to have to divide everything.
Also driving the trend are millennials who are founding startups. They may have next-to-nothing at the beginning of the venture, but they plan to be successful and want to safeguard future earnings.
One expert believes part of the new attitude toward prenuptial agreements among millennials is that they succeeded a generation that saw a lot of divorces or they saw their own parents fighting through issues of property division during a split.
Whatever the reasons, the millennials are right. It’s never a bad idea to talk to your partner about finances and it’s almost always smart to have a prenup.
If you’re thinking about tying the knot, an attorney can help draft a prenup for you and your soon-to-be spouse.
Source: bravotv.com, “Married-To-Be Couples Now Protecting Future Wealth They Haven’t Made Yet In Prenups,” Marianne Garvey, December 6, 2016