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Prenups may help with property division later on

Before entering into a marriage, it is important to consider a number of different aspects of life and the future. This step includes considering the potential for divorce. It is possible for California residents to prepare for divorce, and property division in particular, before they even get married.

A prenuptial agreement is a type of legal contract that more people are entering into before getting married. Individuals considered part of the millennial generation are especially seeing the benefits of these agreements. A survey conducted by the American Academy of Matrimonial Lawyers showed that over half of the attorneys that participated in the survey had clients of the millennial age looking for information on and requesting prenuptial agreements.

This increase in interest could be contributed to any number of reasons, but there are two common ones that seem to fit the situation. The first reason is that many individuals in this age group are getting married later, and as a result, they have likely already accumulated assets that they want to protect in the event of divorce. Additionally, student loan debt continues to be a prevalent issue, and prenups can help prevent parties from being held responsible for their future spouses' debts.

Property division is often one of the more contentious parts of divorce. By preparing early on, California residents may have the ability to diminish at least some of the difficulties associated with the process. If individuals in the millennial age range or of any other generation are getting ready to marry and are considering prenuptial agreements, they may want to speak with family law attorneys to gain more information on this option.

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