As home prices rebound, divorce attorneys say they’re also seeing an increase in prenuptial agreements between couples headed to the altar.
The American Academy of Matrimonial Lawyers says 63 percent of members have seen an increase in prenups in the last three years, and that the most commonly covered item is “protection of separate property” (they would say that, wouldn’t they?).
“As the financial and real estate markets continue to improve, there is a greater awareness of risk to possibly sharing these gains in a divorce,” said AAML President Alton Abramowitz, in a statement. “The trend of divorcing spouses fighting over which one has to take possession of a devalued home and other depreciated assets appears to be coming to an end.” Source: prnewswire.com