Statistics show that increasing numbers of couples are signing pre-nuptial agreements before they get married. And the news does not mean that more and more cynics are heading down the aisle with clouds of doubt hanging over their heads. Instead, the growth of pre-nups reflects changing societal views about marriage and the purpose of pre-nups in modern families.
Pre-Nuptial Agreements On the Rise
A survey conducted by the American Academy of Matrimonial Lawyers found that the use of pre-nuptial agreements has increased by 73 percent in just the past five years. Lawyers responding to the survey also indicated that more women are requesting the pre-marriage contracts that state how a couple’s assets should be divided in the event of a divorce.
Experts quoted in a CNBC news story say the increasing popularity of pre-nuptial agreements results from a shift to regarding marriage as a financial partnership in which a couple’s assets are shared but also seen as property ultimately belonging to an individual spouse. Creating a pre-nuptial agreement with one’s spouse and the counsel of an experienced family law attorney memorializes this view.
Further, addressing the significant issue of money before marriage can help the marriage last. Transparency and full disclosure are required when making a pre-nup, and sorting out how money and assets are handled in advance can set the couple on a clear path for the future. Remaining analytical instead of emotional when discussing these money matters can help couples determine the most advantageous financial strategies and provide a plan if an unfortunate breakup occurs.