What Your Parents May Not Understand About Prenup and Postnup Agreements

What Your Parents May Not Understand About Prenup and Postnup Agreements

If you are in your twenties or thirties and considering marriage, you have likely heard of prenup or postnup agreements. You may have even formed some opinions on the subject based on what you have heard or been told. If your opinions may have been formed by the opinions of your parents, here are some things they may not understand.

Views on Finances Have Changed

When your parents married, it was likely they just combined finances. Everything became one, including checkbooks, savings, debts, and resources like cars, personal property, and even real estate.

Today, most couples are quite comfortable separating responsibilities for debts and even maintaining their own savings. Prenup and postnup agreements can help maintain the integrity of individual assets both before and throughout a marriage.

Prenuptial and Postnuptial Agreements are Not Bad Luck

Your parents may have the perception that even discussing a prenuptial or postnuptial agreement is bad luck. No. It is not.

Prenups are More Widely Accepted Than They May Think

Your parents may still have an impression that prenup and postnups are just for the wealthy few. This is not the case any longer. While at one point, only 2 or 3 percent of couples entered into marriage with a prenup, that has now risen to 15%. Prenups are even more popular among those under 25, where it is estimated 40% are embracing prenups.

Parents May not Understand the Value of Transparency

Transparency is more valued today than in previous generations. While parents may not have discussed certain subjects in public or even with each other, couples today are more open about everything from religion to politics to debts and finances. This can be a healthy foundation for a marital relationship. Parents may not understand that a prenup agreement or postnuptial agreement can actually improve and enhance a marriage.

Parents May Not Understand That Such Agreements Are Practical and Logical

Times change. Your parents experiences can be far different from yours. While their intentions may be well-intentioned, views can become outdated. They simply may not reflect current attitudes. But quite frankly, this is nothing new. This has gone on for generations.

If you have questions about what a prenuptial agreement or postnup agreement can or cannot help you accomplish, contact a Tampa, Florida, attorney who specializes in family law and prenup and postnup agreements. We would be happy to offer you a free, no-obligation initial consultation. Curious about prenup and post agreements? Let us help. We look forward to assisting you.