Burke Levy, P.C.

Millennials are practical with marriage and divorce

Millennials seem to carve out their own paths whichever way they turn. From handling higher education and possible job options to getting creative in the kitchen, this generation tends to do things their own way, and marriage and divorce are no exception. As young couples in Massachusetts put off marriage for longer than past generations, they typically enter into their unions with significant personal assets that must be protected.

A study from the Pew Research Center discovered that only 26 percent of the millennial generation are married. This is not necessarily because millennials do not want to be married, but because they are thinking of marriage in a different way. Many prefer to establish careers or spend time cohabitating before saying "I do." They are also open to something that their parents mostly stayed away from -- prenuptial agreements.

In general, millennials view divorce as a practical affair. Rather than try to force an unhappy marriage that will still likely end in divorce, they tend to use divorce as an effective way to end a dysfunctional relationship. Prenups are incredibly effective in this endeavor, as they provide guidance on asset division by outlining personal property and other important matters that might arise during divorce.

Prenuptial agreements as planning and communication tools are incredibly powerful, and can help lay the groundwork for a healthy and open relationship. However, they also serve an important function during divorce. By creating a carefully worded prenuptial agreement that addresses personal property, alimony payments and more, all generations of soon-to-be married Massachusetts couples can protect their interests no matter how their marriage goes.

Source: dmagazine.com, "The Millennial Divorce", Nov. 14, 2017

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