Couples are also getting married later, points out Julia Rodgers, cofounder of US prenup platform HelloPrenup.
“You may have some [university] debt, maybe started a business or purchased a home. So you have a lot to protect and to lose by the age of 34,” she says.
What’s become known as “the Great Wealth Transfer” means some members of the younger generation are receiving huge assets to manage. It is often their parents who are the driving force behind ring-fencing those inheritances.
And while in the past prenups have been criticised for limiting women’s rights, Rodgers argues they have evolved and now benefit women like her by giving them the chance to clarify their rights from the start.
“We want to make sure we have the honest, open, transparent conversations about life goals, about finances, about roles and responsibilities in the home, so that we can have a long, happy marriage and not end up in that position that we saw our parents in,” she says.
Celine says most of her friends think prenups are a good idea.
It only cost her a few hundred dollars online, but even if she had had to pay lawyers it would have been a worthwhile “investment” in the marriage she says, and less expensive, but probably more important than the wedding itself.
Best of all she and Charles have got the “hard conversations” out of the way.
“We haven’t had a single argument about finances,” she says.
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Image source, Celine Tsoi and Charles Mock
