Most Indiana residents likely know at least one couple who have gotten divorced, and it is possible that a prenuptial agreement played a role in the separation process. A properly structured prenuptial agreement may allow for both partners in a relationship to properly commit to marriage by protecting certain sources of equity.
Much has been discussed about the many ways Millennials are approaching adulthood differently than the generations which came before them, and marriage and prenuptial agreements are no exception. One area where Millennials may be exceptional is in their increased interest in prenuptial agreements.
The American Academy of Matrimonial Lawyers surveyed attorneys about the percentage of clients requesting prenuptial agreements prior to marriage. Respondents were asked if they had noticed an increase in Millennials seeking prenuptial agreements over the prior three years, and 51% of respondents said that they had experienced a growing demand.
Although some couples may avoid entering into discussions of a prenuptial agreement for fear that it will harm the health of the union, that may not be the case. Bloomberg notes a study by University of Maryland sociology professor Philip Cohen which found that decreasing divorce rates in younger age brackets are helping to lower the national divorce rate.
Millennials are approaching marriage at a later age and with higher levels of education. When potential spouses are older and further along in their careers it increases the chances of having assets to protect, but may also mean increased personal development increases the chances of a partner being a long term match.