In the U.S., marriage is for better and for worse, but with a prenup
Americans are taking a cautious approach to marriage and are seeking more prenuptial agreements before walking down the aisle. And it is not just the wealthy and famous who are looking to safeguard their assets when a marriage crumbles.
More women and middle-class couples are opting for prenups, which can also include adultery clauses, protection of retirement benefits and even custody of the dog, according to the American Academy of Matrimonial Lawyers (AAML), which represents more than 1600 lawyers.
(Photo: A couple at a group wedding ceremony at the Shanghai World Expo, May 11, 2010/Aly Song)
“It’s a planning tool. Given that half of marriages end in divorce it makes sense to plan,” said Marlene Eskind Moses, the president of the AAML. Nearly three quarters of members who responded to the AAML poll reported an increase in prenups in the last five years, and more than half said more women are seeking the legal agreements.