Prenuptial Agreements - Premarital Agreements Legal Blogs Posted by Joseph E. Marvin - Lawyers.com

Couples in Minnesota in the 18-to-34 age group might be more likely to want a prenuptial agreement compared to couples in the same age group in the past. Attorneys report an overall rise in the number of prenups, but a more recent millennial surge appears to have several causes.

One reason is that millennials are marrying later than their counterparts in previous generations. This means they have had more time to build their retirement accounts, buy a home and make investments. They may be concerned about keeping those assets in case of divorce, and a prenup is one way to protect them. Other millennials are saddled with debt. Student loan debt is particularly high in this age group, and in 2017, college graduates had an average of $38,000 in student loan debt. A future spouse might be concerned that if there is a divorce, debts could be split between the two of them. The prenuptial agreement may prevent this.

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Joseph E. Marvin

Licensed since 1978

Member at firm Marvin Law Office, L.L.C.

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Joseph E. Marvin

Licensed since 1978

Member at firm Marvin Law Office, L.L.C.

RECENT POSTS

  • Prenuptial Agreements
    Posted on July 11, 2019

    While many couples who create prenuptial agreements have wealth, anyone can benefit from such an arrangement. In many cases, it can help Minnesota residents keep the cost of their divorce to a minimum, and this is important because the divorce itself can cost more than a wedding. Divorces tend to be expensive because people often ... Read more

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