Many people are surprised to learn that prenuptial agreements are popular with millennials (now aged 18 -35). After all, 40 years ago only the very rich used them and they were still surrounded with disdain. Even 20 years ago a prenuptial agreement was rare. It had lost some of the taboo associated with it, but it was looked upon as a negative
step for a couple about to be married. It was widely perceived as a statement of doubt that the marriage would survive. Today, however, the number of prenuptial agreements being prepared by attorneys has increased significantly. What is more, all negativity previously attached to the agreement has vanished.
According to a survey conducted by the American Academy of Matrimonial Lawyers (AAML), 51 percent of the attorneys reported an increase in the number of millennial couples creating prenuptial agreements. These attorneys also reported a 62 percent increase in the number of couples of all ages seeking prenups. [Read more…]