We often associate prenuptial and postnuptial agreements as matters only for the rich and famous. However, that’s hardly the case. A survey from the American Academy of Matrimonial Lawyers (AAML) has confirmed an uptick in the number of people seeking prenups – especially millennials. This coincides with a previous AAML survey, which indicated a fivefold increase in prenup agreements just a few years ago.
In this issue, the San Diego men’s divorce attorneys with the Men’s Legal Center will go into more depth about prenup and postnups, and who most needs them.
Why are more people seeking prenups and postnups?
In an interview with CNBC, the then-AMML president said a growing awareness of various financial sectors has contributed to the increase for prenups. “As the financial and real estate markets continue to improve, there is a greater awareness of risk to possibly sharing these gains in a divorce,” he said.
So, who really needs a prenup or postnup?
Prenups and postnups are definitely not only for the 1-percenters. In fact, here’s a brief listing of some of the everyday people who could benefit from the protection offered by a prenup or postnup agreement.
- The small business owner or entrepreneur.
If your business began before your marriage, any growth or appreciation that occurred during the marriage could be considered an asset. In the event of a divorce, valuation experts will gauge its value at the beginning of the marriage and at the beginning of divorce proceedings.
- Couples who relocate.
Laws related to divorce are unique to each state. With a prenup or postnup, though, you protect your wishes for your assets.
- Couples with increasing amounts of debt.
Because your divorce process will list assets and liabilities, a prenup or postnup can spell out who is responsible for a specific debt, thus eliminating any surprises during the divorce.
For a skilled men’s divorce lawyer in San Diego, call the Men’s Legal Center.
Trust us, a qualified men’s divorce lawyer needs to see any agreement concerning your finances and your marriage well before you sign it. If you’re interested in talking more about a postnup agreement, we urge you to get in touch with us here at the Men’s Legal Center. Our sole purpose is to make sure men have the resources and knowledge they need for the best possible outcome in family court.
You can reach us at 619-234-3838 or via email.