Planning for the possibility of divorce does not mean that a spouse is planning for his or her marriage to end at some point in the future. However, it can be beneficial to make plans in the event of this contingency, securing one’s interests through the terms of a prenuptial agreement. This is not someone only reserved for the rich and famous, but it is something Texas adults of all income levels can do in order to protect themselves before they marry.
Who is getting a prenup?
In the past, people often avoided signing prenuptial agreements because they assumed that they weren’t wealthy enough to justify the effort. Others assumed that taking this step was bad luck. However, perceptions about prenuptial agreements have changed, and many younger generations are more likely to draft these documents. Around 47% of millennials who are married say they have a prenup.
Statistics also indicate that 41% of Gen Z will enter this type of contract before marrying. People are waiting longer to marry than in the past, and they may have already accumulated assets they would like to protect. Others may want a prenup because they do not want a repeat of their parents’ divorce.
Looking ahead
Like any other type of contract, it is beneficial to have assistance when creating a prenuptial agreement. It will be beneficial to have the guidance of an experienced attorney when considering terms and reviewing the agreement. A prenup can provide benefits and peace of mind for Texas couples of all ages and income levels.