Millennials do many things differently than their parents and the generations before them, including their approach to relationships and finances. In fact, this specific generation is drastically changing up how they look at marriage, divorce and sharing financial responsibilities. By waiting longer to get married and often opting for prenuptial agreements, they are even changing what it looks like to get divorced.
Many couples across the state who choose to wait to have children or decide not to have children at all make a significant financial and emotional investment in their "fur babies" -- and this trend is nationwide, not just here in Texas. Their pets are their children and that does not change even if they do end up having kids at some point. For this reason, individuals about to be married are increasingly using a prenuptial agreement to address what happens to the family pet should a divorce occur.
The decision to remarry is often entered into with greater trepidation than a first marriage. There may be many more financial aspects that need to be considered before a couple is ready to enter into a new relationship, especially in light of a future divorce. Texas residents who are preparing to remarry will likely benefit from preparing a prenuptial agreement.
One of the most-cited reasons for a divorce is financial struggles. In fact, disagreements over money are the second leading cause for divorce, behind marital infidelity. For that reason, it is recommended that engaged Texas couples help set the stage for marital success by drafting a prenuptial agreement.
According to the latest statistics, the divorce rate for 2017 was approximately 35%. While that is a slight reduction from previous years, the prospect of filing for a divorce is still a concern for many Texas residents. Those who have drafted a prenuptial agreement may have an advantage when it comes to divorce proceedings.
In the past, the majority of couples did not consider a marital contract an essential part of wedding planning. However, those who own a business may find that a prenuptial agreement deserves careful consideration. Texas residents may find that these contracts can help provide peace of mind if a marriage subsequently ends.
The decision to move in together is not one that most couples take lightly. Regardless of whether the decision is part of getting married, couples often must make adjustments in learning to tolerate or accept differences in taste and style when it comes to personal property. Texas residents who are either getting married or taking the next step by choosing to co-habitate may benefit from signing a different type of prenuptial agreement.
To many people, their pet is more than a possession; it is a fur-covered child. For that reason, the question of who gets custody of the dog during a divorce or separation is becoming more contentious. Countless Texas residents have found themselves facing having to say goodbye to a beloved pet when the relationship ends. For that reason, more owners are seeking to draft a new type of prenuptial agreement referred to as a pet-nup.
According to the American Academy of Matrimonial Lawyers, there has been a marked increase in clients who are seeking assistance in drafting marital contracts. There are countless reasons why a couple would consider a prenuptial agreement, and the most common is usually to preserve assets in the event of a divorce. Texas residents who are contemplating these contracts may benefit from learning about mistakes to avoid.
Years ago, only the wealthy or celebrities entered into a pre-marital contract in order to protect family wealth. However, almost every couple can benefit from the protections that a properly drafted prenuptial agreement provides. Texas residents may benefit from learning more about how these contracts can serve them.