We note on our New Jersey family law website a somewhat common viewpoint concerning a specific divorce-linked legal instrument. We stress at the proven Law Office of Rajeh A. Saadeh in Somerville that, “Some people say prenuptial agreements are contrary to the basis of marriage.”
Increasingly, fewer members of the Millennial demographic (roughly individuals in the 23-38 age range) are making comments even remotely similar to that.
In fact, family law experts and commentators are noting presently a collectively positive view concerning prenuptial agreements that is emerging among the Millennial crowd. Although many of their parents (and unquestionably their grandparents) harbored doubts concerning prenups, legions of Millennials are embracing what they see as clear upsides linked with prenup discussions and execution.
Family law attorneys coast to coast have noticed the phenomenon. More than half of divorce lawyers surveyed in a national study cite an uptick in Millennial clients ready to negotiate and sign prenups.
What is driving altered views regarding prenup execution?
Reportedly, a number of Millennial-specific factors influence the pro-prenup view that has emerged among that demographic. Here are a cited few:
- Many Millennials marry later than their parents did, and have already stashed away significant pre-marriage assets they understandably want to protect
- Many Millennials have witnessed first-hand their parents’ divorces, and want to adequately safeguard against that potential
- Empirical data stress that a clear majority of Millennials want freed-up money available for starting a business or making market investments
- Many Millennials started working initially during the recent Great Recession, which has had a tempering effect on their financial thinking
Marital contract execution can in fact make sense for diverse marrying partners of any age. Individuals seeking further information on this topic can contact an experienced and empathetic family law attorney.