Housing Recovery Sparks Rise in Prenups
October 18, 2013
As the housing market improves, more couples are protecting their real estate assets through prenuptial agreements, finds a new survey by the American Academy of Matrimonial Lawyer members.
Sixty-three percent of divorce attorneys say they’ve noticed an increase in prenuptial agreements during the past three years. The top three most common items covered in the prenups are “protection of separate property,” “alimony/spousal maintenance,” and “division of property.”
“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,” says Alton Abramowitz, president of the American Academy of Matrimonial Lawyers. “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.”
The survey found an increase by 46 percent of women initiating the requests for the prenup agreements.
Updated: August 07, 2020