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

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Joseph E. Marvin

Licensed since 1978

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

AWARDS

Champion Badge Silver

RECENT POSTS

  • Family Law
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    Some people might assume that couples in Minnesota and around the country divorce for reasons such as infidelity or substance abuse, but a study that appeared in the Journal of Sex & Marital Therapy suggests that this is not the case. More than 2,300 people participated in the study, which found that reasons related to ... Read more

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