Many young Texas residents are putting off marriage until their later years. By doing so, they seem to be more focused on building careers and wealth before tying the knot. Coming into a marriage with assets and wealth can make some feel uneasy and lead couples to the discussion of a prenuptial agreement.
With millennials putting marriage on hold until they feel they are financially stable, some see the need to seek a prenuptial agreement to ensure their future financial stability. By building up wealth through hard work and possible business ownership, those getting married want to protect what they have worked long and hard to acquire and build. Not only do they want to protect what they bring into the marriage or may inherit, but they also wish to protect any future financial earnings and possible inheritances.
As divorce rates continue to rise, the idea of a prenuptial agreement has become more acceptable to many. Some young couples are using the agreements to assure that assets of parents that may be passed down to the engaged couple will stay within the family should the marriage dissolve. This component of a prenuptial agreement helps to put future in-laws at ease.
There is no guarantee that a marriage will stand the test of time, but a carefully considered and properly drafted prenuptial agreement may help young Texas couples to avoid an expensive and drawn-out divorce, should one occur. Ensuring the legality of such a contract usually requires the assistance of a skilled and knowledgeable family law attorney. By completing a well-prepared document prior to marriage, the couple can approach their vows knowing that they have taken a positive step to secure their individual financial futures.
Source: The Washington Post, “Why you’re more likely to have a prenup than your parents were“, Jonnelle Marte, August 5, 2017