Though Unattractive, You Still Need a Pre-Nup or Cohabitation Agreement
A shortage of economically attractive men is yet another reason you may need a pre-nup before tying the knot. A recent Cornell University study published in the Journal of Marriage and Family says that one of the reasons the U.S. has seen a decline in marriage is because there is a shortage of men who are “economically attractive.” The study attributes the shortage to various factors, including the economy, which currently has more lower-paying and unstable jobs. Additionally, women are climbing the economic ladder and now have different expectations for a spouse.
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It is well known that when parties divorce, there will be an equitable distribution of the marital assets and debts that the parties acquired during the marriage. Many people also know that it rarely matters whose name that the asset or debt was acquired in.