In a column published in Attorney at Law Magazine, family law attorney Rebecca Palmer writes that prenuptial and domestic partnership agreements are increasing as more women across all income levels utilize these valuable tools to ensure their own financial security. Generational shifts have led to a more equitable picture in terms of shared fiscal responsibility within the marriage, meaning both parties will want to contribute and protect their assets to build a foundation of transparency and mutual respect.

“Working with a financial and legal professional is recommended to ensure the agreement reflects your goals and is executed correctly,” Palmer writes. “These agreements, whether prenups or domestic partnerships, provide a clear roadmap for confidently navigating financial challenges and opportunities.”

Despite ongoing gender pay gaps, women are establishing clear boundaries concerning their pre-marriage assets, thereby preserving their financial safety and peace of mind, as well as promoting equality. And clearly outlining how assets, debts, and responsibilities will be handled both during the relationship and in the event of a separation or divorce is key to attaining an equitable voice in the partnership’s financial and legal matters.

“A well-crafted agreement can prevent lengthy and costly disputes, allowing both parties to walk away with what is rightfully theirs,” Palmer writes. “For women, this can provide significant protection and clarity, especially when there is an imbalance in income, financial contributions, or caregiving responsibilities.”

Read the article in full; click here.