PreNuptial Agreements

Rachel Grate's avatar image By Rachel Grate 

Prenups: They’re not just for celebrities anymore. In fact, more of your engaged friends may be getting them than they admit. Prenuptial agreements are more popular than ever, and millennials appear to be driving the trend: In a 2013 survey by the American Academy of Matrimonial Lawyers, 63% of divorce attorneys say they’ve seen an uptick in prenups.

“Historically, most people that were getting prenups were people with substantial wealth or family money, or people who were getting married for the second time and wanted to make sure their assets were protected for the kids,” Regina DeMeo, a Washington, D.C., divorce attorney, told Mic.

“Definitely since the Great Recession around 2009 there has been a spike in prenups overall, but the big surprise is the gain in use among the millennials, who often are marrying for the first time and may not have much.”

But despite their growing popularity, there’s still a stigma around prenups. Many people think prenups aren’t romantic, or they’re exclusively used by wealthy people trying to protect their assets against shallow gold diggers. Unfortunately, that fear of judgment discourages couples who’ve signed prenups from speaking up about what they are and how they actually work.

In the spirit of clearing the air, Mic spoke with three prenup experts to find out the truth about prenups — because you can’t decide it’s right for you without understanding what it actually is first.

LIKE US ON FACEBOOK:

Source: http://mic.com/articles/132479/here-s-everything-you-ever-wanted-to-know-about-prenups-but-were-afraid-to-ask#.jqXYq6g2L