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."
After two years of the pandemic kids are ready to enjoy the outdoors again with their favorite toys. Cheddar News speaks with Laurie Schacht, Chief Toy Officer at Toy Insider on how to entertain your kids with the latest, and greatest gadgets.
Summer is around the corner and for the latest trends Cheddar News speaks with Tiffany Reid, Senior Vice President of Fashion at Bustle, on how to look fashionable at your next summer soiree.
The long-anticipated jury verdict in the Johnny Depp defamation case against Amber Heard found for Depp, awarding him $15 million in damages. Heard, however, also received a $2 million award in a counterclaim.
The school district police chief who served as on-site commander during last week’s deadly shooting in Uvalde, Texas, says he’s talking daily with investigators, contradicting claims from state law enforcement that he has stopped cooperating.
Thousands of foster children throughout the country are constantly put at risk, with many of them constantly exposed to threats such as homelessness and sex trafficking. With May being National Foster Care month, Cheddar News was joined by Angela Featherstone, CEO and President of the Foster Care Healing School to discuss how the school works on helping foster children and how you can help a foster child today.
It's the unofficial start of summer, and after two years of COVID, Americans are ready to travel again. So how can you beat the crowds and keep your family safe? Cheddar's Shannon Lanier has some hacks that can help you make the most of your summer vacation with minimum hassle.
The U.S. is sending advanced rockets to Ukraine to help push back Russia and "Stranger Things: Season 4" is a winner. Here is everything you Need2Know for Wednesday, June 1, 2022.
Simple Goodness Sisters produces homemade cocktail syrup from their farms in Buckey, Washington. Cheddar News was joined by the sisters and Co-Founders themselves, Belina Kelly and Venise Cunningham, to talk more about the business and make a cocktail themselves!
