Sure, prenups are a growing trend amongst millennials.
You exchange vows, tell your partner “till death do us part”, and plan a wonderful life together. The reality is, however, that not all relationships end up in good standing. Unfortunately, divorce is rampant. In order to make this process easier, you should probably have a prenup agreement (just in case). We know it’s probably the last thing you’re thinking about as you embark on a marriage. However, it is of utmost importance.
In the past, prenups weren’t as popular. In today’s day and age, however, prenups are on the rise amongst millennials. What’s interesting is that more women seem to be pushing for prenups, even though it come off as being totally anti-romantic.
While not every marriage will fail, it’s critical to have a prenup prepared and signed. Here are two reasons why prenups are on the rise in conjunction with why you absolutely should have one before marriage.
Outside of the romantic and sensual nature of marriage, divorce is, unfortunately, all around us. Through a personal connection, family/friends, or the media, divorce is constantly in front of our faces. As a result, you are inclined to consider what you would do in a similar situation and how can you move on after a divorce.
Not only that, the truth is that many people grew up with divorced parents. Through experience, you were able to see how messy the process can be. Since you’ve potentially already been through this ordeal once, you’re likely going to want to protect yourself from the acrimonious nature of divorce as an adult.
Marriages Later in Life
The second reason as to why millennials are signing more prenups nowadays is because they are getting married later in life. Rather than just protecting significant inheritances, like the primary function of the past, prenups also are protecting people who have had major careers prior to marriage and want to keep their business interests, properties, and assets safe. This just makes sense, right?
You’ve worked so hard to move your life in the right direction, so why would you want to risk it all? You’re older and wiser and you want to protect your assets.
Should You Do It?
Ultimately, the decision is up to you. Having said that, Canterbury Law Group strongly recommends signing a prenup agreement before marriage. Sure, marriage is a wonderful thing. However, you never know where life is going to take you and you want to be prepared and protected at all times.