
Prenups Aren't All Bad. Here's Why They're Becoming More Common
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Business, Health Sciences, Social Studies, Biology
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University
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Hard
Wayground Content
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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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