It’s no secret that the millennial generation in California and around the nation is coming up to that age where they are starting to think about marriage. However, very much like other generations, the importance of a prenuptial agreement remains. However, with the advent of the digital age and the advancements of society, prenups have changed and become a bit more creative.
Although infidelity has always been an item found within a prenup to justify not giving the spouse half of the assets during a divorce, the means to how they perform those actions have changed. Today, social media has introduced a large number of avenues for people to cheat on their partners. Of course, because social media is such a new concept, it has not been fully implemented into the legal system. That is why so many are taking steps to clarify within a prenup that infidelity can be performed through the actions of social media.
Division of personal finances
There’s no doubt about it; the millennial generation is known for their enormous amount of student loan and credit card debt. That is why so many are adding the demand within a prenup that states that each person’s finances should remain separate. This is usually done because they may already anticipate a divorce in the future and thus do not want to end up having to deal with their spouse’s debt along with theirs.
There’s a reason why millenials are taking longer to get married, and that usually falls into the category of wanting to live life to the fullest for as long as possible. In the meantime, most couples will freeze embryos, so if they wanted a family in the future, it would be possible. But what happens during a divorce? Prenups may be used to establish an agreement about an embryo in the event of a divorce. The reason usually pertains to one person not wanting their former spouse to have a child and later using the child to extract funds from them.
If you’re about to get married and are thinking about creating a prenup, an attorney is your best bet. An attorney may provide you with the information needed to make your prenup legal and effective if you ever do end up divorcing your spouse.