Not your Grandma’s Prenup

A recent article in the New York Times suggested an increase in the numbers of millennials who are opting for prenuptial agreements. The reasons are varied, but the article suggests the most likely reason is due to the fact that millennials are marrying later than previous generous. For couples getting married in their late twenties and early thirties, each person generally has more established debts or assets than those marrying at an early age.

Another important statistical change is the increase in wages for women. In 1980, only 13% of women living with a male partner earned at least half the couple’s income. Thus, while prenups were traditionally viewed as protection for the wealthier party, they are now viewed more like a smart business decision. Couples are able to discuss financial topics in an amicable setting, and healthy conversations about finances can lead to less friction down the road.

If you are considering a prenuptial agreement, it is important to have accurate legal advice. The family law attorneys of Kalamaya | Goscha are here to address your needs.