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Premarital agreement popularity rising among couples

After Christmas and New Year’s, the next holiday that is often popular for romantic proposals is of course, Valentine’s Day. However, what many do not realize is that, after the first of the year has passed, many law offices in Washington, as well as across the nation, see an uptick in divorce filings. In other words, this time of year can have a lot to do with marriages, whether they are on the horizon or coming to an end. A recent story discussed the popularity of premarital agreements among soon-to-be wed couples that can apply to either scenario.

It wasn’t that long ago when a “pre-nup” was considered exclusive for wealthy men. However, it seems that men and women are both entering into marriages today with their eyes wide open, and looking at any potential problems that may arise down the road, such as divorce or death.  A premarital agreement is one way that a spouse can try to ensure that any property he or she brings into a marriage leaves with them as well. 

A survey compiled by the American Academy of Matrimonial Lawyers (AAML) revealed that approximately 63 percent of attorneys over the past three years witnessed an increase in individuals requesting a premarital agreement prior to walking down the aisle.

The survey also provided the top three issues most often covered in a premarital agreement:

  • Property division
  • Spousal maintenance
  • Protection of separate property

Requesting the love of your life to sign the dotted line of a premarital agreement may seem like a romantic buzz-kill, but it is one effective way for each individual to be proactive about the possibility of a divorce.

Source: Investment News, “Client's got stars in his eyes? Insist on a prenup,” Liz Skinner, Feb. 13, 2014

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