We note on our Little Rock family law website “the emotional components” that can easily feature — and predominate — in divorce-related matters.
In doing so, we stress that emotions are perhaps stirred no more readily in a soon-to-marry individual or couple than when talk turns to prenuptial agreements.
There’s just something about those, right? Many people have a notably negative reaction to the prospect of even broaching the topic of a marital contract with a future spouse, thinking that doing so is akin to dousing the flames of passion with cold water.
Some of those individuals should perhaps try to think of prenups (and postnuptial agreements executed following a marriage) as insurance, instead.
We suggest that at Robertson, Oswalt, Nony & Associates, and not at all facetiously. A thoughtful and well-tailored marital contract can materially promote peace of mind and advance financially important goals and other objectives. Among other things, it can identify and safeguard a person’s separate property, and also ensure that one marital partner does not end up being responsible for sizable debt incurred by the other.
One recent national report echoes others appearing these days in citing the increasing popularity of prenups across the country for younger marrying couples (read Millennials). A premarital agreement is “just a practical document in today’s age,” notes one young woman who will soon wed.
Empirical data culled by a national family law organization indicate that, while Millennials are progressively embracing the upsides inherent in prenups, so too are other demographics. Reportedly, there has been a fivefold surge in such contracts nationally within the past 20 years.