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New Trends in Prenuptial Agreements

New Trends in Prenuptial Agreements

Posted By Meyers Law Group, P.C. || 30-Oct-2013

If you have been recently searching the web for answers about prenups, then you may already be aware that these agreements are not just for the fabulously rich. This has only been confirmed by recent studies. According to the American Academy of Matrimonial Lawyers (AAML), 63 percent of divorce lawyers noticed a rise in the prenuptial agreements that have been requested in the past three years.

Forty-six percent of the divorce lawyers surveyed said that they perceived a spike in women being the ones to ask for the prenup. The president of the AAML has suggested that this is in keeping with the current economy.

As worry fades over plummeting house values, fiancés may be all the more concerned about protecting these now stronger assets if the time ever comes to divide their marital property. If possible, a fiancé may want to ensure that a home stays separate property more than in previous years, when the housing market was weaker.

The survey also found the three things that were most dealt with in a prenuptial agreement (in the past three years). One of them was clearly delineating and safeguarding separate property, keeping it from being merged into marital property. Second were provisions that covered maintenance (alimony). Finally, the prenup covered property division.

Back in 2010, this trend was already apparent, as a Harris Interactive poll resulted in 44 percent of single people, and 49 percent of divorcees stating that it is a good idea to draw up a prenup. Fifteen percent of these survey-takers admitted that they regret failing to have created such an agreement.

Do not let this be you. Even before you are married, it is important to face unromantic but practical details, especially finances. If you are already married and need to outline financial details, then you can still create a postnuptial agreement. Learn how you could benefit from a nuptial agreement when you contact the Meyers Law Group, P.C. Get an experienced and committed Long Island family law attorney on your side today.