Rise in Prenups Requested by Parents

Many young couples are facing serious difficulties when it comes to entering the housing market. With student debts high and the cost of housing skyrocketing it may come as no surprise that more and more couples are getting assistance from mom and dad to make their first home purchase.


While parents are often ready to make such a gift, they may be concerned about what will happen to that money in the event of divorce or separation. Parents are apprehensive to make a large monetary gift without protecting their son or daughter’s financial interest in the future. “Parents want to make it clear, in a legal document, that they want the money to stay with their child if a marriage ends in divorce” said the Times in their article on September 24th . This trend has led to a substantial increase in the number of younger couples seeking prenuptial agreements at the request of their parents.


If your child is getting married, you may want to consider the advantages of a prenuptial agreement in keeping the benefit of your gift with your son or daughter. Our office is experienced in all matters of family law, including prenuptial agreements. For more information on how to best address your unique situation please contact Elise Buie Family Law Group, PLLC for a free consultation. 

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.

FURTHER READING

Latest Blog Posts

Many people find it challenging to get started with estate planning. From confusion about the process to denying that estate planning is necessary, there are various reasons why people do not want to create an estate plan. That said, estate…

After divorce, it is common to experience feelings of shame. That shame could arise from multiple sources, including feeling that you let your spouse or children down or because you are worried about what others may think of you. Regardless…

Estate planning can feel overwhelming, but it is necessary to ensure your assets are in order and your loved ones are taken care of. Establishing an estate plan can also make certain issues easier for you and your family during…

In Washington state, alimony is referred to as maintenance. Maintenance is court-ordered spousal support payments that one spouse makes to assist with the living expenses of the other spouse for a period of time and for a particular purpose.  Maintenance…

The homes. The boat. The investment accounts. During a high-net-worth divorce, the disposition of these and other assets (and debts) may be one of the most significant reasons underlying the contention between you and your soon-to-be-ex, making these types of…

This is part three of our three-part series, “Expecting the Unexpected.” You can read part one on catastrophic illness here and part two on chronic illness here. Estate planning may initially bring to mind the process of outlining the manner…

It seemed like it was going to be just another day. Get the kids off to school, do household chores, go to work. But then your spouse let you know it was over between you, that they want a divorce.…

This is part two of three in our series “Expecting the Unexpected. You can read part one on catastrophic illness here. For many, estate planning immediately brings to mind ways you can protect your assets and retirement funds for your…

When considering divorce, you may toy with the idea of representing yourself. For example, you may think your divorce will be relatively straightforward. Or maybe you consider yourself a savvy negotiator and highly intelligent. Or the idea of saving yourself…

While estate planning is often associated with enjoying assets while you are alive and then preparing for their disposition to inheritors after death, there are more outcomes estate plans can aid in to adequately protect the quality of your life…