The Siemon Law Firm
Call Us Today

Prenuptial Agreements and Inheritance Protection

A prenuptial agreement is simply an agreement between people who are about to be married to divide property or other financial interests in a designated way.

The popularity of such agreements continues to increase, in the Atlanta area and across the country.

There are many reasons for the increase. For one thing, people keep getting married later in life. The median age for women getting married for the first time has risen from 20.6 in 1970 to 26.5 in 2009. For men, there has been a comparable increase, from 22.5 to 28.4 over the same time span.

Being older affects the need for pre-nups in a couple of different ways. Older brides and grooms tend to be more established in careers and have more assets. If one party helped put the other through graduate school, for example, the couple may want the prenuptial agreement to reflect that in some way.

On the other side of the coin, one party may extremely high student loan debt. Many doctors and lawyers are of course in this boat. A prenuptial agreement could specify what the other partner's responsibility for it would be the soon-be-married couple splits up.

Prenuptial agreements are also very useful in second or subsequent marriages. The parties can use a prenup to make clear how much (or how little) children from a first marriage may receive from the parent.

In a sense, then, a prenuptial agreement could often be described as an inheritance protection agreement. This phenomenon is only likely to grow, as baby boomers age and more and more wealth is transferred between generations.

Source: "Current Trends in a Growth Area: Prenuptial Agreements," New York Law Journal, Arlene G. Dubin and Rebecca A. Provder, 7-30-12

Our firm handles situations similar to those discussed in this post. To learn more about our practice, please visit our Atlanta prenuptial agreements page.

No Comments

Leave a comment
Comment Information

Let Us Help You

Contact our Georgia Family Law Firm by calling
866-497-5134 or by completing this contact form. An attorney will respond within 24 business hours.

Email Our Team Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We Have Offices in Atlanta, Cumming and Alpharetta for Your Convenience.

The Siemon Law Firm
4555 Mansell Road, Suite 300, #28
Alpharetta, GA 30022

Phone: 770-521-4316
Fax: 770-521-4317
Alpharetta Law Office Map

The Siemon Law Firm
3348 Peachtree Road Northeast, Suite 700, #721
Tower Place 200
Atlanta, GA 30326

Phone: 678-954-4917
Fax: 770-521-4317
Atlanta Law Office Map

The Siemon Law Firm
347 Dahlonega Street, Building 100
Cumming, GA 30040

Toll Free: 866.497.5134
Phone: 770-888-5120
Fax: 770-521-4317
Cumming Law Office Map