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Many people are familiar with the often-quoted statistic that half of all marriages end in divorce. Multiple studies from the 1970s and 1980s verified that number. However, a recent study suggests a 50 percent divorce rate has not been true for many decades. In fact, new research indicates that nearly 70 percent of all marriages begun in the 1990s reached 15-year anniversaries. Some experts believe these trends will continue, which could result in roughly two-thirds of all marriages remaining intact.
Researchers give multiple reasons for the decline in the national divorce rate. One reason is that, generally, more people are getting married at a later age as opposed to previous generations. Additionally, attitudes towards traditional gender roles have shifted, so more couples share in both monetary contributions and housework. Research also reveals that more couples marry for love instead of marrying due to social or economic pressures. For all of these reasons, it appears that nationwide divorce rates may continue to drop despite a steady rise in the 1970s and 1980s.
While there appear to be fewer divorces now than in previous years, couples should still consider the reality of what happens should their own marriage end in divorce. Like all family law disputes, divorces can be quite contentious due to high emotions and stress. Many divorcing spouses are especially concerned about their financial well-being, and what will happen after the divorce is finalized.
Consider a Prenuptial or Postnuptial Agreement
These “what if” questions can be resolved before divorce through prenuptial or postnuptial agreements. Such an agreement is designed to answer the tough questions about what will happen should a divorce occur. These agreements can resolve future issues like:
Instead of trying to resolve these issues during a heated divorce, it may be beneficial to agree on certain matters with a prenuptial or postnuptial agreement. Even if you never divorce, it can give you and your spouse peace of mind that future disputes have already been settled.
Contact Experienced DuPage Family LawyersAt Martoccio & Martoccio, our family law attorneys have experience in drafting innovative prenuptial and postnuptial agreements. We are dedicated to prioritizing our client’s goals, so we will work closely with you during the entire process. If you are getting married, or are already married, it may be time to consider how an agreement can benefit your financial future. Contact our dedicated DuPage County family lawyers now for a free initial consultation.