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

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

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Business, Health Sciences, Social Studies, Biology

University

Hard

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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.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the perception of prenuptial agreements changed over the years?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the historical origin of prenuptial agreements in the Americas?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some reasons millennials might consider signing a prenup?

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4.

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3 mins • 1 pt

What are the implications of community property laws on debt during marriage?

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5.

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3 mins • 1 pt

What factors should couples consider when deciding to keep finances separate?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some pros of having a prenuptial agreement according to Kelly Chang Rickert?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How has social media influenced the discussion around prenuptial agreements?

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