“Normally, you think of a marriage contract only for people who have considerable means of protection,” says Marcia Mavrides, a divorce lawyer in Massachusetts. “This is no longer always the case and, indeed, many millennial clients call on Mavrides Law (my firm) to support them with a prenup to protect them from their future spouse`s student debts and vice versa. While these individuals have considerable earning potential, they recognize that they should be responsible for their own student loans. The best part is that these couples discussed their financial situation in great detail before entrusting a prenup project to lawyers, so there are no unpleasant surprises. “There is an understanding of marriage as a legal status,” she said. Marriage is a legal act with legal consequences if the marriage ends by decision. Millennials have a better understanding of these consequences and take the appropriate steps to create a mutually beneficial marriage contract. “In a 1990 California case, the Court of Appeals imposed an oral marriage contract on the estate of one of the parties, with the surviving spouse significantly changing his position by relying on the oral agreement.  However, as a result of changes in the law, it has become much more difficult to change the nature of collective or individual ownership without written agreement.  While Justin and Hailey may be young and in love – and throw all precautions in the wind – no one should follow their lead with considerable fortune. Here are 10 things everyone should know about marriage contracts.
Questions like “Should we have a marriage contract?” can be buzzkills. In the United States, marriage contracts are recognized in all fifty states and the District of Columbia and can be implemented if prepared in accordance with the requirements of national and federal law. It has been reported that the demand for marriage contracts has increased in recent years in the United States, especially among millennial couples.     In a 2016 survey by the American Academy of Matrimonial Lawyers (AAML), lawyers stated: that the total number of clients who wish to obtain marriage contracts before marriage has increased in recent years, especially with the Millennial generation, who have the greatest interest in protecting the increase in the value of individual property, successions and division of common property.  Marriage contracts are a matter of civil law, so Catholic canon law does not exclude them in principle (e.g.B. to determine how property would be distributed among the children of a previous marriage after the death of a spouse.. . . .