Couples may have a variety of reasons to keep their finances separate. Some of them have very different philosophies when it comes to managing money. Others are careful to get their finances because they have observed the difficult process of separating their own parents. Because they may have seen their parents fight endlessly for assets and finances, they think that a separation of their finances will prevent them from finding themselves in a similar situation. Now that you have been able to weigh the pros and cons of marital agreements, let`s discuss some common questions regarding this type of marriage contract. A post-uptial agreement serves the same purpose as a marriage contract, but it is signed after the marriage and not before. According to Investopedia, there are a number of reasons why couples can choose to sign a postnup, including: Now that you know what a prenup is and why some couples decide to use it, we look at how marital agreements are concluded and how they work. When many of us think of prenupes, the first thing that comes to mind is the people-style contract, with millions of dollars at stake; But it is not uncommon for an average couple to occupy this kind of marriage contract. According to a recent survey by the American Association of Matrimonial Lawyers, millennials could make prenupes the norm among new marriages. According to the study data, 51% of lawyers surveyed reported seeing an increase in the number of Millennial clients who required marriage arrangements prior to marriage.
The conclusion of a pre-marriage contract may seem like a quick path to divorce in the near future. However, pre-marital agreements – commonly referred to as marriage contracts – can be helpful for marriage because they allow Massachusetts couples to discuss their finances and marital expectations before going down the hall. These agreements essentially define the rights of both parties and their obligations in the event of divorce. Yes, a marriage contract can protect future assets. These are common provisions that you would include in a marriage agreement.