Prenups are commonly viewed as a legal contract that is only attained by the rich and famous. These premarital agreements are made between two persons about to marry with the intention of covering a wide variety of issues. There are endless pros and cons to argue for or against prenups which are completely valid.
Pre-millennial generations seem to have a distaste for pren+ups and postnuptial agreements. This seems to be partially due to the very real cost attached to prenups, but primarily due to the implication which exposes a potential lack of commitment. Many couples may fully believe that there is no probability of divorce, providing an instinctual belief that prenups are not an option on the table. In a society where divorces may have been tabooer than in the present day, a prenup conversation might have been seen as a red flag or bad omen before entering the marriage.
Recent studies have shown that millennials and the following generations are more open to discussing and potentially agreeing to such legal contracts. This recent generational shift in mindset toward prenups has been largely due to an increase in spouses wanting protections against taking on their partner’s student debt and vice versa. Additionally, these generations have seen how messy divorces can be and believe that prenups can help alleviate some of the pressures that come with divorce.
One sure fire fact regardless of age is that prenups are not for everyone and should be discussed at length between you and your future spouse. If you and your partner are preparing to get hitched soon, consider saving up for a prenup or finding a compromise through a non-legal manner that best fits your relationship style.
