In the 21st century not all things last forever and that can include marriage. Gone are the days when couples stay together no matter what. Younger Maryland couples — or millennials — realize this and are waiting longer to get married. They’re also marrying smarter, and that includes marrying with prenuptial agreements in place.
As millennials are embracing both pre and postnuptial agreements, so too are many more couples, especially those who marry more than once and who find themselves in blended families. Many millennials’ parents have divorced and so they might know firsthand what the divorce process entails and may want to safeguard themselves financially. When prenups first surfaced some years ago, they were looked upon as being killers of romance –not so much anymore.
Neither are prenuptial agreements just for the rich and famous. The fact is, the longer people wait to get married, the more likely they have accumulated some assets for which they worked hard and that they would like to protect, just in case. They may have retirement plans and stocks that they also wouldn’t want to share with an estranged spouse.
A Maryland attorney would know the legalities that accompany marital contracts such as prenuptial agreements. He or she would be able to advise a client, based on a client’s individual circumstances, what a prenuptial agreement should include. It may be better to be prepared for situations that may not happen, but as the old adage goes, it’s better to be safe than sorry.