Negotiating Pre-Nuptial Agreements is Becoming Commonplace for Millennials

pre-nuptial agreements divorce millennials

PUBLISHER’S NOTE: While this blog addresses Pre-nuptial Agreements, the same rational equally applies to millennials executing Post-Nuptial Agreements. On March 23, 2023, Ohio adopted legislation allowing married couples to now negotiate and execute Post-Nuptial Agreements after marriage. The 2 nuptial agreements are very similar. I have posted several articles on the Ohio Family Law Blog about Post-Nuptial agreements since that law was adopted. Use my SEARCH tool above to find them!

With the increase in student loans and previous debts, millennials are looking to ensure that they are not responsible for debts incurred by their spouse should the union dissolve

pre-nuptial agreements divorce millennialsBaby boomers, and many generations before, used to dream about finding the right one, getting married and living happily ever after, never giving any thoughts about what happens if things didn’t go right. Pre-nuptial agreements were just a thing for movie stars and rich people or stereotypically, men who were financially wealthy and wanted to protect their wealth from a potentially “gold digging” wife. It used to be that pre-nuptial agreements were frowned upon. They seemed to be sending a message that you weren’t serious about the responsibilities of getting married.

However, times have changed. The millennials have … Read More... “Negotiating Pre-Nuptial Agreements is Becoming Commonplace for Millennials”

Prenuptial Agreements Trending with Millennials in Ohio

couple on park bench arms around each other

Survey reveals increase in the number of millennials requesting prenuptial agreements in the last three years.

prenuptial agreements millennials divorceIn 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”