On behalf of Stange Law Firm, PC posted in Family Law on Tuesday, September 26, 2017.
The idea of even discussing the possibility of divorce can be abhorrent to many people. TV and movies have a helping hand in this, as they seem quick to vilify those who suggest that a prenup might be a good idea. While some Missouri couples might fare fine without addressing potential issues in a prenuptial agreement, those who have significant personal assets have a lot to lose.
The average age for marriage is going up, fueled mostly by the Millennials who generally do not feel a sense of urgency when it comes to settling down. Instead, this generation tends to spend more time focusing on cohabitating without marital commitment. As the new norm, it is important to prepare for marriage differently than previous generations.
The parents and grandparents of Millennials usually went into marriage at a young age and with few personal assets to their name. Now, as people marry later and later in life, they have had the time to commit to their careers and to accrue personal assets that might be of great value. Without the proper protections in place, there is not necessarily any type of guarantee that would protect vested business interests or family inheritances.
A survey of family law lawyers in Missouri and across the rest of the United States revealed that Millennials are seeking prenup help in increasing numbers. This positive trend is likely to benefit those who have important personal assets that they wish to protect no matter how their marriage turns out. Although some couples manage to reach an acceptable prenuptial agreement, most benefit from the careful guidance of experienced counsel who can help ensure accuracy within the document.
Source: verilymag.com, “Why Happy Couples Don’t Get Prenups (Even Though Divorce Lawyers Say It’s a Millennial Trend)“, Monica Gabriel Marshall, Sept. 15, 2017