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Millennials are signing prenuptials

Many contentious Florida divorces could have been avoided had the parties signed a prenuptial agreement prior to marriage. More people are learning these lessons and are signing these agreements. While these were previously disfavored among the older generations, millennials are driving this increase.

Prenuptial agreements will give you protection

Prenuptial agreements will decide some key issues in the divorce ahead of time. These include things like spousal support and division of property. They are particularly necessary when one or both spouses are bringing significant amounts of assets with them into a marriage. For example, if one spouse owns a business, they would want to protect it from division during the divorce process. Otherwise, the judge would divide the assets based on the principles of equitable distribution. Spouses would not have any protection for their property, and they would be subject to the uncertainty of a divorce.

Prenuptial agreements are more in favor now

In the past, the subject of prenuptial agreements was considered taboo. People did not want to talk or negotiate about money before getting married. However, millennials have seen some of the struggles that their parents went through in getting divorced, and they do not want to repeat that experience if they are in the same position. In addition, millennials are getting married later in life. This means that they have accumulated more assets over time, and they have more to lose in a divorce. As a result, prenuptial agreements are an essential part of many pre-marriage conversations.

If you are getting married, you should think about your own circumstances and decide whether a prenuptial agreement is right for you. This may be a difficult conversation to have with your partner, but it is a necessary one to give you certainty and protection in the future.