Prenuptial agreements have become increasingly popular among newly married couples. In particular, Millennials appear to realize the importance of such an agreement before following through with marriage. Time Magazine reports that a majority of attorneys have seen an increase in the number of people asking about acquiring a prenup.
Prenuptial agreements are often recommended by attorneys as an excellent way to protect oneself in the event of a divorce. However, it is important to understand that prenuptial agreements may be subject to invalidation if the terms are found to be unconscionable. Prenuptial agreements are not indestructible. Knowing the law surrounding the validity of a prenuptial agreement is recommended for those preparing to enter into a prenuptial agreement as well as for those seeking to find a way out of the agreement.
Prenuptial agreements are not just for the rich anymore. With the growing amount of second (and third) marriages, protecting one's estate through prenuptial agreements is becoming an increasingly popular practice. Although most individuals enter a marriage with the expectation to remain with that person 'til death do they part, many lawyers would advise the hopeful newlyweds to hope for the best but plan for the worst. Here are just a few of the many things one may want to consider when deciding on whether or not to hire an attorney to assist with the creation of a prenuptial agreement: