Millennials love the prenup – here’s why

| Mar 16, 2021 | Divorce |

Each generation perceives marriage differently and millennials are no different. Most significantly, they’ve embraced a previously taboo marital agreement known as the “prenup” or prenuptial agreement. The prenup sets forth the terms of a divorce before the marriage is even final. In the days of yore this was deemed an afront to the sanctity of the marital union. However, Millennials clearly see things differently, here area few reasons why.

They’re getting married later

In the past, it was common for people to marry in their early 20’s or even late teens; millennials, on the other hand, seem to enjoy single life. They’re content to hold off on marriage in order to finish graduate school or start a career.

Waiting longer to get married means entering marriage with more assets, and millennials want to ensure these assets are protected in case happily-ever-after isn’t, well, all it’s cracked up to be. The prenup is an efficient means to accomplish this objective.

A practical view of marriage

Previous generations understood marriage as a sacred duty; millennials tend to see it as a life decision not that unlike buying home or choosing a college. We make backup plans everywhere else in life, so why not marriage.

They’ve experienced divorce

Most millennials were raised by members of the baby boomer generation, and baby boomer couples had a high rate of divorce. The fact that many young people experienced the pain of divorce first-hand may be the reason so many decide to preemptively prepare for it.

Prenups may seem like simple agreements signed by consenting adults, but in reality, they’re far more complicated. Divorce law is complex, and a small, seemingly insignificant mistake can have devastating consequences down the road.  Like any other legal document, Ohio residents should only draft a prenuptial agreement with the help of an experienced divorce attorney.