Family law attorneys report that more and more young people are coming in for prenups prior to tying the knot. These young couples are serious about their commitment but also incredibly levelheaded about matters of financial responsibility and the risk of property division. Very often, drafting a prenup is simply another part of the wedding preparation checklist, for couples in Pennsylvania or elsewhere.
Many of these young people have waited to marry until after they’ve established themselves in their desired career field. Some have even found success with businesses or investments years before walking down the aisle. Because they bring considerable assets into the marriage, they have an interest in protecting that wealth from potential loss during property division.
Experts also believe that young people are more accepting of prenuptial agreements due to the fact that they accept the risk that their marriage may end in divorce. While they certainly don’t enter into marriage expecting the union to fail, they also have a clear understanding that the statistics are not in their favor. Many come from single-parent homes and understand that divorce is not the end of the world, having watched their parents go on to new horizons.
For those in Pennsylvania who are planning a wedding, it may make sense to consider a prenuptial agreement. In the event that a marriage ends in divorce, property division is far easier to manage if a contract is in place. Hopefully, young couples will spend the rest of their lives happily married and never need to access their prenup.
Source: refinery29.com, “Prenuptial Agreement Popularity Rise Among Millennials“, Sarah Midkiff, Dec. 5, 2017