Is Prenup the New Love Language?
In recent years, more millennials have been requesting prenups. That begs the question, is prenup the new love language?
"Prenups help couples consider financial issues from the start which can actually help avoid some of the common financial pitfalls many couples fall into later after they say 'I Do'. Financial disagreements can be one of the most common areas that lead to break ups of the marriage," says attorney Thomas D. Marks, a member of the NADP chapter in Orlando, FL.
Prenuptial agreements, commonly knowns as 'prenups', are legal documents that outline how engaged couples will divide their assets if they divorce. Statistics show that as millennials get married much later in life, they have assets that they want to protect.
"Prenuptial agreements are especially helpful when a lot of wealth is involved. But, it's not just for the person with the wealth but also for the non-moneyed spouse. Given divorce is so prevalent the non-moneyed spouse can negotiate an agreement when the relationship is loving," says Avani Ramnani, Director of Financial Planning and Wealth Management at Francis Financial and Director of the NADP chapter in Manhattan.
How to ask for a prenup? The National Association of Divorce Professionals says it's never an easy conversation, but provides tips for having the crucial conversations.
Putting families first is the goal of the National Association of Divorce Professionals.
The NADP is hosting their inaugural annual conference at the Westin Fort Lauderdale Beach Resort from March 7-9th, 2019. Divorce professionals from across the country will come together at NADP Experience 2019 to learn more effective ways in which they can serve their divorcing clients and manage their practices.
To book a divorce specialist this Valentine's Day, contact Jennifer Marquez at 818 381-9892 Jmarquezmedia@
· Researchers estimate that 41 percent of all first marriages end in divorce.
· 60 percent of second marriages end in divorce.
· 73 percent of second marriages end in divorce.
· The United States has the 6th highest divorce rate in the world, with Russia ranking number 1.
· Every 13 seconds there is one divorce in America. That equates to 277 divorces per hour, 6,646 divorces per day, 46,523 divorces per week, and 2,419,196 divorces per year.