Average age of those requesting prenuptial agreements hits ‘all-time low’

The average age of those requesting a prenuptial agreement to protect their assets and personal finances against their spouses has decreased by 10 years in the last five years, insights from a family law specialist has revealed.

Teresa Davidson, Head of Family Law at Winston Solicitors, reports that the average age of her enquiries to take out a prenuptial agreement when getting married in the UK has gone from those in their forties to now aged around 30.

The data, from Winston Solicitors, also shows an almost 100% increase in enquiries from those in their 20s enquiring about prenuptial agreements over the last five years.

Teresa states that this is due to a heightened awareness of the financial risks of marriage and transparency regarding divorce rates as well as more openness with younger couples to discussing financial issues as they enter a relationship.

The most popular assets that young people are protecting as part of a prenuptial agreement are:1. House2. Land3. Business assets4. Investment portfolios5. Pensions

Teresa Davidson said that here has been a shift in social stigma. Traditional preconceptions regarding pre-nuptial agreements are changing. They are no longer a “taboo” subject and there has been a societal shift in attitudes towards them. She said:

“Previously pre-nuptial agreements were perceived as negative and unromantic, created an imbalance of power and were only for high-profile or wealthy individuals.

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https://todaysfamilylawyer.co.uk/average-age-of-those-requesting-prenuptial-agreements-hits-all-time-low/