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Number of couples using prenups on the rise

A survey of divorce lawyers recently found that the number of couples opting to sign a prenuptial agreement before getting married is on the rise in Georgia and around the country. The lawyers also reported that more women were initiating the request for a prenup before getting married. Women are now making up a greater portion of the workforce and have more to protect in the event of a divorce.

The survey was conducted by the American Academy of Matrimonial Lawyers and found that 60 percent of divorce lawyers claimed they had seen an increase in prenups in the last three years. In addition, 46 percent of the lawyers said they'd seen a significant rise in females asking for prenups. The top three reasons for getting prenups were protection of separate property, alimony and spousal maintenance and division of property.

One attorney said she believes that many people have seen the high divorce rates in the country and want to protect themselves in the event of a divorce. However, she suggests discussing the agreement with a potential spouse early in a relationship is a good idea, rather than waiting to surprise them with the request right before the marriage. She also said that, while prenups are good idea for many couples, many couples may be uncomfortable with idea.

Prenuptial agreements can be extremely valuable to many couples. They can help reduce the drama and stress that often come with a divorce. They can also be used to help the couple better handle their finances within the marriage by determining how expenses will handled and if bank accounts will be joint or separate. An attorney may be able to help a couple who believes a prenup is right for their situation draw up an agreement that both parties can agree to and be comfortable with.

Source: Pittsburgh Post-Gazette, "More couples saying 'I do' to prenups", Tim Grant, October 31, 2013

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