Survey reveals increase in the number of millennials requesting prenuptial agreements in the last three years.
In a previous blog entry, Joseph Balmer discussed the need for antenuptial agreements as an effective, estate planning tool. In his article, he explained how the mention of the word “prenup” can send a newly-wed-to-be into a frenzy, as such agreements have historically carried a negative connotation and often served as a buzz kill for happily engaged couples.
However, the millennial generation, ages 18-35, seem to be shaking up this archaic way of thinking.
In a recent survey conducted by the American Academy of Matrimonial Lawyers, 51% of the 1600 attorneys surveyed reported an increase in the number of millennials requesting prenups in the last three years. The “prenuptial agreement” is no longer a dirty phrase used by those couples expecting to fail, but rather it has become part of the norm and is viewed as a smart and efficient way to plan for a couple’s future.
Whether it’s because millennials are older when marrying and therefore have more to protect, or because they themselves are often children of divorce and are therefore predisposed to shielding their own interests, this new generation is … Read More... “Prenuptial Agreements Trending with Millennials in Ohio”