Many millennials in Texas and around the nation are now developing prenuptial agreements before they get married. Other generations may have attached a stigma of sorts to this type of agreement. In other words, discussing how property division would be handled in the event of a divorce may appear that there is an expectation that the marriage will end. However, the increase in prenups signals a trend that people are approaching marriage in a more practical manner.
Surveys show that millennials are now waiting until later in life to get married. Typically, they are bringing more assets into the marriage they want to protect. In other situations, prenuptial agreements are suggested when there is a blended family or a second marriage. They are also recommended for individuals who want to safeguard an inheritance or business.
In addition, a majority of prenuptial agreements now address the issue of how a parent leaving a career to care for children would be compensated. Other couples also deal with division or property or protection of separate property in an agreement. Some partners even discuss how credit card debt or student loans will be paid in the event of a divorce.
Even if it is too late to create a prenuptial agreement, experts suggest that a postnup after someone is married is a good idea. An experienced family law attorney can assist Texas residents, whatever their needs may be. Whether a prenup or postnup is required, a knowledgeable lawyer can assist clients with the development of each type of property division agreement. If someone is contemplating ending a marriage, a Texas divorce attorney can provide guidance through the complexities of the process.
Source: wfmz.com, "Life Lessons: Prenups: I do or I don't", Nancy Werteen, April 20, 2017