Young people use prenups more than their parents

On Behalf of | May 4, 2018 | Prenuptial Agreements |

Prenuptial agreements are more popular with young people today than they were with previous generations. The stigma surrounding them has faded somewhat, so people are not as worried about asking for a prenup these days.

Why is this stigma fading? Why are young people more accepting of prenups?

One reason is age. People are getting married later than they did before. Many get married in their late twenties and early 30s, rather than tying the knot right out of college or even in their teens.

What this means is that these people are more likely to have their own property, wealth, businesses and careers. Their parents often got married before they acquired any of that, but young people now have carved out productive lives for themselves before marriage. They want to protect what they have, knowing what the divorce rate looks like.

Part of the issue with previous generations may have been simply that they did not have as much, so there was little to protect. Couples got married and then started careers or businesses, or bought homes. As such, asking for a prenup often did not feel necessary or simply felt like a foreshadowing of divorce.

Today, young people do not want to get divorced, per se, but they are conscious of the fact that it happens and they want to be protected. They have more assets on the line and understand the legal side of a marriage as well as the romantic side.

If you and your significant other are thinking about getting a prenup, make sure you know exactly what steps to take.

Source: Chicago Tribune, “Why you’re more likely to have a prenup than your parents were,” Jonnelle Marte, accessed May 04, 2018