Why do couples get prenup agreements?

Why do couples get prenup agreements?

On Behalf of | Mar 13, 2020 | Prenuptial And Postnuptial Agreements |

Couples in Hawaii may look forward to many years of wedded bliss together. But a rise in pragmatism changed the landscape of modern day marriage. For example, many young couples are signing prenuptial agreements before tying the knot. Why is that? Today we will look at the potential answers. 

Business Insider takes a look into the Millennial generation. Compared to the generations before them, they are more open to prenuptial agreements. A stigma surrounded prenups in the past. People often considered them tools for only the wealthy. People viewed those without a lot of assets who turned to prenups in a negative light. People saw them as not having much faith in the longevity of their relationship. 

These days, many see prenups as a way of ensuring financial stability in an unstable future. Many people understand that it is not a testament to how much or how little someone loves their partner. Studies suggest the previous generation’s rate of divorce influenced this. Younger generations grew up understanding that divorce is a possible outcome. They know that refusing to protect assets because they are “sure they would never divorce” is not smart. They understand just how devastating it is to lose unprotected assets in a divorce. 

Prenups still receive some backlash despite the increased understanding about it. It is up to each individual couple to decide whether it is important to them. They should make the decision with as many facts as possible, though. This will help them stay informed. With this information, they can make beneficial decisions that can protect their futures.