Prenups Aren't All Bad. Here's Why They're Becoming More Common

Prenuptial agreements, often seen negatively, are gaining acceptance. Historically used in 17th-century Canada, prenups became standard in the US after a 1970 court case. Millennials' debt and later marriages contribute to their rise. Prenups protect assets and manage debt, with state laws affecting their enforceability. Financial arrangements in marriage have evolved, with more couples keeping separate accounts. Prenups offer negotiation opportunities and protection, especially for professionals. Despite declining divorce rates, prenups can reduce divorce costs.

What is a common reason for the stigma associated with prenuptial agreements?

• They are often portrayed negatively in movies.

• They are illegal in most states.

• They are only for wealthy individuals.

• They are difficult to understand.

In which century did prenuptial agreements first appear in the Americas?

• 17th century

• 16th century

• 18th century

• 19th century

What is a significant financial reason millennials consider prenuptial agreements?

• Higher average salaries

• Lower marriage rates

• High levels of student loan debt

• Increased property ownership

Which states require a 50/50 split of assets acquired during marriage unless a prenup is signed?

• New York and Florida

• Arizona and California

• Ohio and Michigan

• Georgia and Alabama

Why might someone in a creative profession consider a prenuptial agreement?

• To simplify their business operations

• To ensure joint ownership of creative works

• To increase their tax benefits

• To avoid sharing business assets

What is a potential benefit of negotiating a prenuptial agreement?

• It can lead to financial compensation.

• It guarantees a higher divorce settlement.

• It eliminates all shared debts.

• It ensures joint custody of children.

How has social media influenced the perception of prenuptial agreements?

• By increasing the stigma associated with them

• By providing a platform for education and myth-busting

• By making them less relevant in modern society

• By discouraging their use in certain professions