Data from the Pew Research Center shows that in 1960, the median age at which U.S. women married was 20 and men, 23. Fast forward to 2014 and those ages rose considerably to 27 for women and 29 for men. Given that more U.S. women and men are delaying marriage, it stands to reason that if and when many Americans do decide to marry, they not only bring more life experiences to a marriage, but also more financial assets.
Today, it's hard to define a typical all-American family. In previous decades, the word family often brought to mind an image of a happily married heterosexual couple with two or more children. Today, however, this image seems outdated and increasingly isn't one with which many younger people in the U.S. can identify.
According to The Human Society of the United States, at least one pet resides in an estimated 62 percent of U.S. households. Based on statistics from 2012, there are an estimated 83.3 million dogs and 95.6 million cats that are kept as pets in the U.S.
I have previously written in this blog about the benefits of prenuptial agreements. Prenuptial agreements can help reduce confusion and conflict related to the assets and possessions retained by each spouse in a divorce. Additionally, prenups can ensure a divorcing spouse isn't saddled with a soon-to-be ex's student loan debt. Given the significant financial benefits of a prenuptial agreement, it's important to ensure that proper procedures are followed when drafting and executing such a legal document.
When planning to marry, Chicago area couples often spend months or even years selecting a location, choosing a photographer and picking out flowers. While a couple's marriage is certainly a good reason to celebrate, some couples fail to fully grasp what comes after the excitement of the wedding and honeymoon.
Most people are vaguely aware of what a prenuptial agreement is and that it protects the assets an individual brings to a marriage from being divided should that individual later divorce. Many people have misconceptions about prenuptial agreements and wrongly believe they are only for the very wealthy. While individuals with considerable wealth should definitely execute a prenup prior to walking down the aisle, this legal document can also provide important protections to individuals of lesser means.
Most contractual agreements tend to be complex and matters surrounding contract disputes are often contentious. This is often especially true in disputes involving contracts made by two individuals prior to legally marrying. Prenuptial agreements are readily used by individuals that plan to marry who wish to protect and retain ownership of assets brought to a marraige. While the basic principles of a prenuptial agreement may seem simple enough, if not properly drawn up and executed, disputes over the validity of a prenup can result in a judge ruling to invalidate the agreement.
Thanks mainly to movies and media coverage, nearly everyone knows what a prenuptial agreement is. These agreements – signed before a couple weds – serve to prevent disputes in the event of a divorce. They typically involve such things as property division, allocation of premarital debts and spousal support. What is much less known, however, is that this type of agreement can be used to dictate "lifestyle" behaviors like religious preference of the couple's future children and where the couple will live.