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Reasons why prenups are on the rise

On Behalf of | Sep 28, 2018 | Prenuptial Agreement

It’s no secret that young people these days are more open to prenuptial agreements than previous generations have been. They use them more often, and even those who do not use them still say that they agree with the fundamental idea in many cases. Prenups are accepted in a way they simply have not been before.

Why is this true? A lot of different reasons all factor in.

For one thing, many people have seen their own parents get divorced. They know how tough that can be without a prenup. They don’t want to get divorced themselves, but they understand that it is a possibility and they want to protect themselves.

On top of that, the average age of marriage continues to climb. This often means that people getting married have careers, homes, cars, pets and retirement accounts. They build their own lives before marriage in a way that previous generations often did after marriage. This makes prenups more useful because they have assets to protect.

Additionally, some studies have shown that women have begun asking for prenuptial agreements more often. This could be because of changes in gender roles. In the 1950s, most women did not work. Now they do. This means that they have more assets and earnings. They are self-sufficient, and they want to take steps to safeguard what they own.

These are just three potential factors, and every marriage is different. However, the statistics do help illustrate a clear trend in which prenups see more use today. If you want to use one, make sure you know exactly what steps to take.

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