More than two-thirds of Ultra High Net Worth (UHNW) Investors – those with investable assets of $5 million to $25 million, not including primary residence - would recommend a prenuptial agreement to a couple getting married today, according to the latest monthly survey from Spectrem’s Millionaire Corner.
UHNW Investors generally favor prenuptial agreements or “prenups” – contracts completed prior to a marriage or civil union that commonly specifies how property will be divided in the event of a divorce. However, more than half perceive a significant disadvantage to prenups. Here’s an overview of this wealth segment’s attitude toward prenups:
Advantages: Ultra high Net Worth Investors perceive two key benefits from a prenuptial agreement. More than 70 percent indicate aprenup removes the incentive to “marry for money.” More than 60 percent believe a prenup can make divorce proceedings go more smoothly.
Disadvantages: The majority of UHNW Investors (54 percent) feel that a prenup “introduces a negative feeling toward a marriage.” 34 percent reported, “I don’t feel there are any disadvantages to a prenuptial agreement.”
Men (54 percent), married investors (52 percent) and investors ages 40 and younger (50 percent) are significantly less likely to advocate a prenup for couples approaching marriage. These groups are also more likely to perceive disadvantages to the agreements.
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