Prenup Generation: Millennials Drive Surge in Prenuptial Agreements
*By Samantha Errico and Kate Gill*
Millennials have been dubbed the "entitlement generation"; they may also be the prenup generation.
According to Anne Cochran Freeman, a divorce lawyer and partner at Sideman & Bancroft, that "entitlement" translates to a desire for protection ー which may have contributed to a rise in prenuptial agreements by a factor of five over the last 20 years.
She said an early entrepreneurial spirit among many in the millennial generation also contributes to this trend. Entrepreneurs who dream up inventions or business plans before marriage may want to protect their ownership of those ideas after marriage.
"Everyone has a business idea, and people are in college creating these billion dollar businesses," she said.
Freeman said prenups also carry less stigma for millennials.
"\[Millennials\] are used to protecting themselves and they speak really frankly about things," she told Cheddar Thursday.
She said that having pragmatic conversations early in a relationship can eliminate the taboo and clarify expectations. Partners should ask frank questions, such as: "This business idea: Is that yours or do you want me to work on it? Do you want me to leave my job in order to work on that with you?"
To Freeman, prenups can set the tone of a union and create expectations for "the kind of marriage you want to have."
Nine-year-old Bobbi Wilson of New Jersey has caught the attention of the Yale School of Public Health for her commitment to exterminating spotted lanternflies. Last year, while spraying the bugs in her neighborhood, a neighbor called police on the little girl.
First responders fired after video of police beating Tyre Nichols was released, 10 people show in Lanland, Fla. and winter storm is causing travel troubles. Here is everything you Need2Know for January 31, 2023.
New Mexico District Attorney Mary Carmack-Altwies on Tuesday is set to file involuntary manslaughter charges against actor Alec Baldwin and armorer Hannah Gutierrez-Reed.
TV actresses Penny Marshall and Cindy Williams smile at the Emmy Awards in Los Angeles, Sept. 9, 1979. The duo play television's "Laverne and Shirley." (AP Photo/George Brich)