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Berchem Moses PC
  • Milford 203-783-1200
  • westport 203-227-9545

Prenuptial agreements offer benefits to the young

When people are preparing to get married in Connecticut, they naturally have high hopes that the marriage will treat them kindly. Unfortunately, marriages do not always last, which is why prenuptial agreements are increasingly popular. These agreements are particularly more in demand today than ever before among millennials.

A prenuptial agreement spells out how assets will be handled in the event that two people end up getting divorced. Prenuptial agreements used to be reserved for millionaires or trust-fund babies, but now they are proving to be useful for young people who are not established. This is because people today are protective about preserving the assets they have accumulated by themselves.

Even if people have not accumulated many assets in life yet, a prenuptial agreement can still address any future assets they may accrue. For instance, somebody may have the goal of starting his or her own business or practice; if he or she ends up getting divorced and does not have a prenuptial agreement, half of this business may end up going to the ex-spouse. While prenuptial agreements can certainly help the wealthier spouse, it can be immensely valuable for the less-wealthy spouse since he or she may have more financial catching up to do following a divorce.

Prenuptial agreements can give people reassurance that even if the marriage does not work out, their assets will be protected in the future. However, even if two people lack a prenuptial agreement and decide to get divorced in Connecticut, they can still try to work toward a mutually beneficial settlement through the process of divorce negotiation or mediation. It is within the rights of both divorcing parties to seek an outcome that is in their best interests.

Source: refinery29.com, "What Every 20-Something Woman Should Know About Prenups", Paige Brettingen, Sept. 15, 2015

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