Millennials are wising up about tying the knot.
Just more than half of the attorneys in acited a boost in the number of millennials requesting prenuptial agreements, according to the American Academy of Matrimonial Lawyers. Only 2 percent saw a decrease among 18-to-34-year-olds.
Across the board, 62 percent of the lawyers polled have seen an increase in the total number of clients who are seeking prenups during the past three years, the AAML said. That follows ain prenuptial agreements over the past 20 years, according to Arlene Dubin, chair of the matrimonial and family law practice of Moses & Singer in New York.
Millennials, in particular, are entering into marriages later, which may mean they have more to protect in the event of a divorce., nearly one-third of millennials said they were putting off getting married and 38 percent said they postponed having children, according to a TD Ameritrade survey of 1,000 adults age 18 and older.president of the American Academy of Matrimonial Lawyers
Millennials are also proactively choosing to make such significant sacrifices for career advancement, according to a separate survey by Wakefield Research for Graebel, a corporate relocation service.
In fact, the top three areas most commonly covered by the marriage contracts were "protection of the increase of value in separate property" followed by "inheritance rights" and "community property division," the AAML said.
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