Anne Freeman and Monica Mazzei on “Millennial Millionaires and Their Prenups — What They Need to Be Thinking About” for EntrepreneurNovember 2018
– Kristen Gray
There are those who say prenups (prenuptial agreements) kill the romance. But would you still think the same if you had a lot to lose should your marriage end in divorce?
Over the past 20 years, the use of prenups has increased by a factor of five for millennials, according to the American Academy of Matrimonial Lawyers ( which defines millennials as those ages 18 to 34). From celebs like Kylie Jenner and Justin Bieber — who just signed premarital agreements with their partners — to Travis Scott, and Hailey Baldwin, and the many, many young marrieds active in the startup world, premarital agreements are trending, and for all the right reasons.
That’s the view of Bay Area celebrity divorce lawyers Anne Cochran Freeman and Monica Mazzei, who practice family law at Sideman & Bancroft LLP. The two lawyers say they believe that with prenups, today’s entrepreneurs can best protect what they have worked so hard for.
“What we are seeing today is an influx of up-and-coming millennials and entrepreneurs,” Mazzei told me. “These people are waiting longer to say, ‘I do,’ which means they typically have more assets, accumulated wealth from a 401(k) and stock options and possibly real-estate ventures.
“They could potentially have a lot to lose if a prenup is not put in place. Who is to know that their assets could increase tenfold?”…