In our last blog post we began discussing some of the reasons why a couple may choose to draft a prenuptial agreement. We also discussed benefits of a prenup from both a financial and interpersonal stance. Once a couple has agreed to draft a prenuptial agreement, it's important to ensure the document contains terms that are agreeable to both parties and that, if necessary, will hold up in court.
Honesty is perhaps the most important aspect in any relationship. This is especially true when it comes to marriage as unions between couples who aren't able to openly and honestly discuss their thoughts, hopes, fears and concerns; often end in divorce.
According to a recent report by National Public Radio, divorce rates among individuals over the age of 50 have dramatically increased in recent decades. In fact today a man or woman who is age 50 or older is two times as likely to divorce as his or her counterpart 20 years ago. There are many factors contributing to the so-called gray divorce phenomenon including longer life expectancies and the fact that more women work and have financial independence.