Millennials are now commonly choosing to create prenups

On Behalf of | Apr 25, 2024 | Prenuptial Agreements

While it is impossible to predict the future, there are steps one can take that will allow him or her to effectively protect long-term interests. One of these things includes drafting a prenuptial agreement before marrying. Many Virginia couples find the prospect of talking about a potential divorce discouraging, especially before a wedding, but there are many benefits to considering this option. Statistics find that more people are now considering prenups before they walk down the aisle.

Before the vows

People often associate prenuptial agreements with the rich and famous. They may not see the need to have one of these agreements if they are not wealthy or possess valuable assets. In reality, most people can benefit from having one of these contracts. They allow a couple to decide what will happen to their marital property in case of divorce, and they can outline the financial responsibilities of each spouse during the marriage.

Recent studies have found that as many as 50% of couples are now considering drafting a prenup before they marry. Specifically, millennials are more interested in shielding their long-term financial interests before saying their vows. Like any contract, a prenup can be custom-tailored to suit a couple’s individual needs.

Thinking about the future

It may not seem romantic, but there are many benefits to drafting a prenuptial agreement. As a Virginia couple considers walking down the aisle, they may also consider how they can protect their interests now and in the future. It might be prudent to discuss this option with an experienced attorney who can explain the necessary details of these contracts.