How to Plan For Your Divorce In Advance

Millennials are using prenups to address economic and social issues through a Very Different Lens Than in the Past

The stigma or taboo that used to be associated with discussing money [and nearly everything else including divorce] before marriage is slowly disappearing.

“They don’t want to co-mingle their money; they want to live like financial roommates,” says Steven M. Resnick, a family law attorney with Ziegler, Resnick and Epstein in Livingston, N.J., who practices in New York and New Jersey.

This mind-set change is even true for clients who don’t have significant assets to protect going into the marriage, lawyers say. Some millennials want to keep their finances—current and future—separate and businesslike, which would allow them to leave a marriage, if necessary, without many strings attached.

“You’re effectively negotiating your divorce agreement in advance in a way that’s more egalitarian than before,” said Attorney Jacqueline Harounian.

Student Debt, Pets, Embryos, and Social Media

Part of what's happening is related to student and credit card debt.

RECOMMENDED ARTICLES

Frequently one partner has far more debt than the other.

Frozen embryos and pets are also in the picture. Millennials discuss everything, including visitation rights for dogs and cats. 

What about social media?

Yep, that too. In case of divorce they don't want their ex to say nasty thing about them on Facebook.

The terms for divorce are thus effectively written in advance.

Mish

Millennials Surpass Boomers: Why are They Still in the Basement?

Millennials Overtake Boomers According to Pew Research Millennials will overtake Baby Boomers this year.

Millennials, the Screwed Generation, Blame Boomers For Making Their Lives Worse

51% of millennials claim boomers make their lives worse. Only 13% of millennials say boomers make their lives better.

Cryptocurrencies "Greatest Opportunity" to Get Millennials to Trade

TD Ameritrade hopes to get millennials to trade. Cryptocurrencies is the way.

Millennials Lead the Way in Housing Trends

Millennials have had a big change this decade on home ownership rates. Let's investigate why, in pictures.

Fed Study Asks "Are Millennials the Lost Generation?"

I previously called millennials the "screwed" generation. A more polite Fed study uses the term "lost generation".

Brexit Fast-Track Dead: EU Insists Upon Divorce Settlement Before Trade Talks

Before the EU is willing to enter trade talks with the UK, it wants an upfront divorce settlement of €60 billion in exit bill claims along with guaranteed rights for expatriate citizens.

If You Need to Be Somewhere, Get There Before You Can't

The closures of restaurants, bars, and gatherings is picking up steam. If you absolutely have to be someplace, go now.

Valuing Bitcoin: Millennials Fake Gold or "Something Else Entirely"?

Vitaliy Katsenelson emailed an article about the Bitcoin bubble. Let's compare to the "Something Else Entirely" belief.

Secret Brexit Negotiations in the "Tunnel" to Begin

The British Pound is up again on news of pending Brexit negotiation talks between the UK and EU.