Many people think that marital agreements are not so common, or are a luxury that only the rich should think about. But if you look closely at the numbers and look at prenupe statistics, you will quickly learn that this kind of agreement is much more common than most people think. Here are four interesting statistics on marital agreements that pay a more accurate history of the practice. It is the social stigma of a marriage agreement that makes implementation so difficult. You will receive auto insurance in case you are in an accident and you buy home insurance to protect your property from damage. Why don`t you have marital insurance? What happens to the stay at home parent who raises a child and the other partner decides to leave when there is no prenup? Once a person stops working for a long period of time, including raising a child, it has an impact on their future compensation potential. Prenups help balance the conditions of competition, place another level of partnership in the relationship and, finally, support them on all fronts to protect against the ”and if” that can occur in life. It should be noted that when a marital agreement puts a spouse in a less favourable position after the marriage than before, there is a good chance that the court will not maintain the agreement. According to a recent study by the American Academy of Matrimonial Lawyers (AAML), 62% of lawyers surveyed reported an increase in the total number of clients who have applied for marital agreements in recent years. Among lawyers who reported an increase, 51% said that the number of millennial clients who signed Prenups increased. If you are getting married or remarrying in the near future, you should consider a marriage pact.
Money and communication are usually two of the top three reasons why people get divorced. While it is important to protect every spouse, the best reason to enter into a marital/pre-marital agreement is to promote sound communication about your finances from the beginning, in order to avoid that by a divorce at the end. Traditionally, it has been men who have been asked for marital agreements, but that is not the case today. 46% of divorce lawyers found in a recent survey that they had noticed a dramatic increase in the number of women who made the requests for prenupe. With clear results, she attempted to extend her investigation beyond law students who, in her view, would have a distorted knowledge of a contractual procedure such as a marriage agreement. Mall buyers in six cities in the United States gave it an inexpensive statistical sample. And while they are generally older, less educated and more likely to be married than the law students they interviewed, their results were remarkably similar. Is premarital/postupial ”insurance” appropriate for your relationship to do everything you can to protect your marriage for the better and for worse? ”Heather has received significant confirmation that marital agreements are not usually concluded,” says Samuel R. Rosenthal, professor of law and economics Steven Shavell, director of the Olin Center and one of Mahar`s advisors for the project.