Family law commentators can undoubtedly offer a myriad of suggestions to explain why prenuptial agreements have unquestionably grown in popularity in recent years.
Conversely, many people who are actually executing such agreements can likely sum up their lure in a single word.
And that is this: value.
We have previously spotlighted prenuptial agreements (sometimes called premarital contracts, or prenups in abbreviated form) in our blog, noting in our November 3 entry from last year a “perception of them being unromantic.”
To the extent that view exists, though, it is fading fast, with empirical evidence showing that increasingly more Americans — both in Illinois and all across the country — are looking at prenups (and postmarital contracts entered into following marriage, as well) in a balanced way.
That means shedding the stereotypes that have historically marked such planning documents, coupled with a willingness to examine their many merits in an objective way.
It has long been hard for many individuals and couples to do that, given the adverse stigma linked with prenups. Many people have never been able to get beyond their threshold view that marital contracts are love-killers and that even talking about a prenup will somehow jinx marital success.
As noted above, though, that attitude is rapidly disappearing and being strongly supplanted by a new open-mindedness among many demographics, with both younger and older individuals showing an increased inclination to negotiate and execute prenuptial contracts.
We will take a closer look at what is influencing them in our next blog post.