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More millennials wanting prenups, according to divorce lawyers

Millennials in Iowa and elsewhere around the country often tend to get a bad rap. Some cite their lack of work ethic or the fact that many seem to have a sense of entitlement as support for why this generation is not what it should be. However, studies show that millennials are more frequently taking steps to protect themselves and their assets should they get a divorce somewhere down the road.

An organization of matrimonial lawyers recently reported that there was an increase in the number of millennials who wanted to develop prenuptial agreements. While there has been an overall jump in how many couples want prenups, millennials have some situations that make the agreements attractive. For example, many millennials are getting married later in life. Therefore, they are entering marriage with established careers, property or other assets. On the other hand, they may also have debts, such as student loans, that must be repaid.

Prenups can be developed to address how property will be divided in the event of a divorce. The agreements may also help protect inheritances or previously established businesses. Many couples also include lifestyle provisions, such as who will care for the children.

An Iowa divorce attorney can help couples develop prenuptial agreements prior to their marriages that will address their specific needs. If a couple is already married, a postnuptial agreement can be written to address the same issues. A knowledgeable lawyer will see that a client's needs, both current and in the future, are adequately addressed while developing any marital agreement.

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