Each new generation alters the landscape of public thought in its own way. The emergence of millennials as an influential group has sprung up in one surprising area — prenuptial agreements.
Millennial prenups: Moving from sharing to protecting
Know for eschewing possessions, millennials have been characterized as a sharing generation. The rooms rented through Airbnb, rides offered through Uber and songs streamed through the cloud attest to a preference of borrowing over owning. According to a PwC survey, 57 percent of millennials have deemed access to be the new form of ownership. It is certain that the founders of WeWork would not have profited without a millennial proclivity towards communal life.
Prenuptial agreements can be an act of care to your spouse
Marriages, like many institutions, have changed significantly through the centuries. With each shift in emphasis and privilege, it has become more complex. Marriages today can be difficult to navigate and keep alive, but divorces have likewise become complex as rights and privileges have expanded and transformed to meet shifting societal norms.
Lifestyle Analysis can help depict a fair settlement in divorce
If you're in the beginning stages of a divorce, calculating your various assets can be a convoluted process, and one that could yield unsatisfactory results if completed haphazardly. You will be given a number of forms to fill out to declare the value of your various streams of income and liabilities, but often this information is not easy to parse through as a layperson. If you simply "guesstimate" values when completing these affidavits, you may end up shortchanging yourself in the settlement process. For those who wish for the best possible divorce settlement, it is wise to consider obtaining a Lifestyle Analysis.
Dissipation of marital assets is injustice
It would be great to believe that those who choose to marry each other are able to be decent and fair people if they decide to divorce. This, sadly, is not reality. The truth of the matter is that divorce often turns otherwise reasonable individuals into the worst versions of themselves. One of the most egregious examples of this behavior is when spouses chooses to squander joint marital assets to spite the people they are divorcing.
