Photo of Professionals at McCoy Fatula, APC
Photo of Professionals at McCoy Fatula, APC

Millenials view prenups as helpful tools should divorce occur

On Behalf of | Nov 1, 2018 | Divorce

Millennials in California and elsewhere around the nation have the reputation for thinking independently and often doing things differently than the generations before them. One example of this is that they are waiting longer to get married, according to statistics. With being older, those in this demographic also realize the possibility that a marriage may end in divorce one day. To protect themselves financially, many see the benefits of getting a prenuptial agreement before they get married.

Often, couples come into a relationship with established careers or substantial savings and investments. They may already own property themselves or anticipate an inheritance in the future. For these reasons and others, a prenup can provide assurance that certain assets would remain with an individual should a divorce occur.

As couples marry later, they may also bring significant amounts of debt into a relationship. A prenup can specify that the responsibility for the debt remain with the person who incurred it. Other areas that may be addressed in a marital agreement include alimony, retirement accounts and pet custody.

While other wedding planning is taking place, it is helpful to discuss various issues openly and honestly. During this time frame, the discussions can occur with no animosity or contention that may surface later in a relationship. The future spouses often view prenuptial agreements as a way of strengthening their bond by resolving many issues prior to tying the knot.

Most couples, regardless of the demographic group they are in, can benefit from having prenuptial agreements in place. Those desiring to develop one should contact a California divorce lawyer for assistance. An experienced attorney will work with clients prior to their marriage to create a prenup specifically designed for them. A postnuptial agreement can be developed for those couples who are already married.

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