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Here's Why Prenups Are More Popular With Millennials

Refinery29 had an excellent recent article on the subject of why Prenups are on the rise among Millennials, particularly Millennial women, citing 2 particular trends -

"The first is that, on average, people are getting married later. "Prenups aren’t just for people protecting major inheritances anymore; they’re for people who’ve had meaningful careers before marriage and want to protect their business interests, condos they’ve purchased, assets they’ve accumulated, and more," Bernstein explains. In a new survey shared by HuffPost from the American Academy of Matrimonial Lawyers (AAML), the three items most commonly covered in prenups are the protection of separate property, alimony/spousal maintenance, and the division of property.

The second reason is that we're more exposed to divorce than before. "The more you hear about it, the more likely you are to think about what you would do in a similar situation," shares Berstein. While we may say "till death do us part," that's not always the case. With life comes the unexpected. You don't go into a marriage thinking it won't work out. If you're getting married, an agreement in the event that it fails is probably the last thing you want to think about; however, it can provide an added element of security that can make things simpler should the worse case scenario occur."

The full article is here.

Want to talk about a Maryland Prenuptial Agreement? Contact us today.

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