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Prenuptial Agreement Us Statistics

Prenuptial Agreement US Statistics: Everything You Need to Know

A prenuptial agreement is a legal document signed by couples before their marriage, outlining the distribution of assets and liabilities in case of a divorce. Although many people consider prenuptial agreements as an acknowledgment of a potential divorce, they`re more like an insurance policy that ensures a fair distribution of property in case things don`t work out.

Prenuptial agreements aren`t new, but the demand for them has increased significantly over the past few years. In this article, we`ll discuss some important statistics related to prenuptial agreements in the United States.

1. The number of prenuptial agreements has increased significantly

According to a survey conducted by the American Academy of Matrimonial Lawyers, 62% of lawyers surveyed reported an increase in the number of prenuptial agreements from 2013 to 2016. This trend is likely to continue as more people consider prenuptial agreements as a way to protect their assets and avoid costly legal battles in case of a divorce.

2. Prenuptial agreements are more common among high-net-worth couples

According to the same survey, 90% of lawyers reported that prenuptial agreements were more common among high-net-worth couples. This is because high-net-worth individuals often have significant assets and liabilities that they want to protect, and a prenuptial agreement can provide them with peace of mind in case of a divorce.

3. Prenuptial agreements can cover a wide range of issues

Prenuptial agreements aren`t just about dividing assets and liabilities. They can also cover a wide range of issues such as spousal support, property division, debt allocation, and even custody arrangements for children. Couples can work with their lawyers to create a prenuptial agreement that covers all the issues they`re concerned about.

4. Prenuptial agreements can save time and money

One of the biggest advantages of a prenuptial agreement is that it can save time and money in case of a divorce. Without a prenuptial agreement, couples often end up in lengthy and costly legal battles, trying to divide their assets and liabilities. A prenuptial agreement can save both parties from this stressful and expensive process.

5. Prenuptial agreements aren`t foolproof

While prenuptial agreements are legally binding, they aren`t foolproof. A prenuptial agreement can be challenged in court if one party can prove that it`s unfair or that it was signed under duress. Therefore, it`s important to work with an experienced lawyer to create a prenuptial agreement that`s fair and legally enforceable.

In conclusion, prenuptial agreements are becoming more common in the United States, particularly among high-net-worth couples. Prenuptial agreements can provide couples with peace of mind in case of a divorce, and they can save time and money by avoiding lengthy legal battles. However, it`s important to work with an experienced lawyer to create a legally enforceable prenuptial agreement that`s fair to both parties.

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