Few occasions bring joy to so many people's hearts as engagements. No matter if they are romantic private proposals or huge events that thousands witness, everyone feels the magic of the moment. During this joyful and exciting time, few couples in North Carolina want to discuss finances and prenuptial agreements. However, doing so allows partners to be sure that they are on the same page as to how they will manage their finances after marriage and how issues will be managed in the event of a divorce.
Going through a divorce in North Carolina can be one of the most difficult, traumatic events in a person's life. While the physical and psychological stresses of divorce can be enough in some cases to seriously impact a person's experience, the financial potentialities can bring on significant unwanted life changes. Prenuptial agreements and postnuptial agreements can operate to protect the parties from financial shock during and after divorce, but they require a bit of planning beforehand.
Prenuptial agreements have a better reputation today than they did a decade ago. It's becoming increasingly common for couples planning to tie the knot in North Carolina to explore their options with a prenup. This document can spell out who owns what before the "I dos" are exchanged.
Millennials in North Carolina are becoming increasingly likely to ask for a prenuptial agreement. This is according to a survey of the American Academy of Matrimonial Lawyers (AAML). Of those surveyed, 51 percent said that they saw an uptick in the number of people between the ages of 22 and 37 asking for such an agreement. There are many reasons why this is the case, and one of them has to do with people getting married later in life.