Millennials & Prenups
When looking to get married, prenups aren’t the most comforting thing to talk about. A prenup is a contract stating the division of assets between a couple in the event of a divorce. Although it may damper the mood, they can be beneficial to a relationship. For years, prenups have been a dirty word and avoided at all costs between a couple. But as time goes on and divorce rates keep climbing, prenups have become less of a stigmatized word. Simonetti & Associates, a divorce lawyer near Bethpage, can help sort out the details of a prenup to make the conversation more comfortable and quicker.
Millennials Are Requesting Prenups
Research shows there is a 62% increase in the request of prenups from millennials in recent years. Since the rate of divorce has increased so severely, millennials are showing fear of marriage. The average millennial now get married at the average age of 29-30. Prenups can be useful to a person fearful for marriage because if the relationship takes a turn for the worse, their assets will be protected. More than ever, individuals have accumulated their wealth, and they want to make sure they don’t lose everything from a divorce.
Student Loans Play A Big Factor
A college education is a vital part of many peoples lives. In many millennial relationships, both the man and women will receive at least four years of a college education. Without a prenup, one person can end up paying for half of the other’s student loan debt in the event of a divorce. Signing a prenup, for this reason, would be smart considering research shows more than 10% are caused because of student loan debt.
Prenups Have Evolved
Once perceived as something only the rich could use, prenups have become much more normal for the general public to use. As more people are starting their businesses and companies, a prenup can ensure that all stays intact in the event of a divorce. Simonetti & Associates, a divorce lawyer near Bethpage, provides the couple agrees upon what assets should be divided. The best thing about a prenup is that the couple gets to decide what is given to each other in the event of divorce rather than the court.
If you and your partner are considering a prenup, contact our office today. At Simonetti & Associates, we ensure our clients are met with the satisfaction they deserve. Divorces don’t have to end messily. As a top rated divorce lawyer near Bethpage, we promise you will receive the best service.