Rise in Prenups Requested by Parents

Collaborative Law for Prenuis

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 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.
ebl home subscribe image

FURTHER READING

Latest Blog Posts

Gifting an estate plan is an act of love because an estate plan goes far beyond material possessions, addressing the emotional, practical, and long-term well-being of your loved ones.

Prenuptial agreements (also known as prenups) can play a pivotal role in safeguarding individual spousal rights in the event of divorce and can also strengthen a marriage.

Valentine’s Day can be tricky for single parents, maybe even you. Unpartnered, at least for the time being, you might not foresee your plans fitting into conventional images of the holiday. But that doesn’t have to be. Valentine’s Day, when you’re single, can be more than a day you need to survive. It can be a day to look forward to.

Collaborative law has evolved into a globally practiced
discipline, extending well beyond the realm of family law, and is used frequently in Seattle divorces.

Classifying January as divorce month could be misleading, given how some of the numbers tell a different story. However, one thing remains clear: January is a great time for a fresh start.

A family law attorney can help with child custody (residential time) by creating or modifying a parenting plan.

Given the importance of the trustee’s role in an estate plan, it is necessary to understand the responsibilities before choosing a trustee or accepting the obligation to become one.

If you and your partner reside in Washington state and are unmarried, you each might qualify for the legal protections availed to you by law by classifying your relationship as a committed intimate relationship.

One of the greatest gifts you can give your family is to build an estate plan while you are alive and well. Estate planning allows you to formally communicate your wishes so they will not be up for interpretation by…

A co-executor can help facilitate the distribution of assets, minimize conflicts, and provide much-needed support to grieving families.