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LegalZoom Encourages Couples to Consider Prenuptial Agreements as a Financial Planning Solution
LZ Legal Services Expands Offerings as Customer Demand IncreasesMen Lead in Initiating Prenups Among LegalZoom Legal Services Customers MOUNTAIN VIEW, Calif.,
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[{"type":"text","content":"LZ Legal Services Expands Offerings as Customer Demand IncreasesMen Lead in Initiating Prenups Among LegalZoom Legal Services Customers MOUNTAIN VIEW, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- As couples look toward the Fall and Spring wedding seasons, LegalZoom, one of the nation's leading online legal technology companies, is encouraging couples to consider prenuptial agreements as part of their wedding preparations. Recent data shows a significant increase in prenup adoption among younger generations, with over 40 percent of engaged or previously married Gen Z and Millennial couples opting for these agreements. Prenuptial agreements are intended to be a financial planning tool that can serve both parties, during and after the marriage. They outline financial expectations, can protect one or both parties from individual debts, and help divide property fairly in the event of death. In the unfortunate case of a divorce, a prenup can include defined spousal support. These are just a few protections that can be included in a prenup developed leading up to a couple’s wedding, and there continues to be a steady increase in couples opting for prenups. LegalZoom provides prenuptial agreement services through its law firm, LZ Legal Services, available to 50 percent of the American population, which resides in California, Arizona, Texas, Florida, Pennsylvania, New York, North Carolina, South Carolina, Virginia, and Tennessee. As customer demand has increased for this legal service, LZ Legal Services will soon be expanding prenuptial agreement services to Colorado and Ohio, as well as other states by the end of the year. \"We're seeing a shift in how younger generations approach marriage and finances,\" said Nicole Miller, Chief Legal Officer of LegalZoom and Executive Manager of LegalZoom’s law firm, LZ Legal Services. \"Prenups are no longer just for the wealthy. They're becoming a smart financial planning tool for couples of all backgrounds.\" Key findings from recent research looking at external trends: Over 40% of Gen Z and Millennial couples reported signing a prenup, compared to only 15% of the overall population.There has been a general increase in U.S. adults being open to having prenuptial agreements with a Harris Poll showing a 19% increase in just one year of adults who supported the use of prenups.Infidelity is one of the l...