Just think of this 2013 New York Times article: „If you think of a prenup or, even worse, your intention is to push yourself a prenup, you can just as well cancel the marriage,“ writes W. Bradford Wilcox, director of the National Marriage Project. „There`s an easier way to separate your assets from your income: it`s cohabitation.“ „After signing the prenup, I always tell my customers to put it in a drawer and forget about it,“ Wallack says. „Focus on the happiness of your engagement and marriage, and I hope you never have to open the drawer.“ „There is an understanding of marriage as a legal status,“ she said. „Marriage is a legal act with legal consequences if the marriage were to end by decision. Millennials have a better understanding of these consequences and take the appropriate steps to create a mutually beneficial marriage contract. „Unlike all other contractual laws, no quid pro quo is needed, although a minority of courts draw attention to the marriage itself in return. Through a prenup, a spouse can completely renounce property rights, maintenance obligations or inheritance, as well as the share of choice and cannot obtain anything in his favor. The choice of law is essential in prenups.

The parties may choose that the law of the State in which they are married governs both the interpretation of the agreement and the distribution of property at the time of divorce. In the absence of a legal choice clause, the law of the place where the parties divorce does not determine the law of the State in which they were married. In the United States, marriage contracts are recognized in all fifty states and the District of Columbia and can be implemented if prepared in accordance with the requirements of national and federal law. It has been reported that the demand for marriage contracts has increased in recent years in the United States, especially among millennial couples. [19] [20] [21] [22] In a 2016 survey by the American Academy of Matrimonial Lawyers (AAML), lawyers stated: that the total number of clients who wish to obtain marriage contracts before marriage has increased in recent years, especially with the Millennial generation, who have the greatest interest in protecting the increase in the value of individual property, successions and division of common property. [23] In short, for marriage contracts, a prenup is a legally binding contract that two people sign before marriage, which covers financial matters and the future of wealth in the event of divorce, Kelly Frawley, a partner in the matrimonial and family law department of Kasowitz Benson Torres LLP, told Business Insider. One probable reason: millennials marry later than previous generations, with years to build their own fortunes and debts. „I got married at 23, so we didn`t bring anything together or anything,“ said Louis Cannataro, partner and founder of Cannataro Park Avenue Financial, where he advised dozens of millennial clients on their prenups. „But when someone gets married in their thirties, there`s a different approach.“ And while a prenup identifies assets that will be separate ownership or marital property, disputes can arise over whether an asset is separate property or whether it has been mixed with marital property, Frawley said. .

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