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High Asset Divorce: Are milliennials influencing divorce changes?

Experts have learned over the years that every generation is impacted by countrywide or worldwide events and circumstances. The millennial generation is frequently discussed because they are generally different than previous generations. As millennials have married in recent years, Pennsylvania attorneys have seen some changes in how millennials may handle a high asset divorce.

Although data indicates that the divorce rate is lower among millennials, attorneys report an increased request for prenuptial agreements. Attorneys and researchers believe that the increase in prenuptial agreements may also be related to many millennials choosing to marry later in life. Some individuals are able to acquire wealth when they wait longer to marry and may wish to protect assets in case of divorce with a legal agreement. In addition, some individuals may use prenuptial agreements to specify how a couple plans to handle significant debt acquired prior to marriage, such as student loans.

Some lawyers are also seeing a change in the divorce process because of digital aides. Lawyers report that individuals who have important documents and accounts organized through digital aides save time from sorting through and finding important documents. When important documentation can be located and sorted quickly, attorneys report the process may be faster and less expensive.

No matter the generation an individual was born into, experienced attorneys are able to assist individuals with their needs to process a divorce. Attorneys are experienced with handling the needs of any individual who desires to end his or her marriage or draft a prenuptial agreement. A high asset divorce is certainly often more complicated, but a Pennsylvania attorney can assist an individual through the process. 

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