This article speaks about the decreased numbers of marriages in China due to several reasons, including the extreme cost to get married and have a family as well as the impediments and costs to actually getting divorced. Last year China enacted a 30-day cooling-off period for divorce seekers with the aim of improving social stability.
I don’t believe this reduction is solely in China. I believe many young people are choosing not to get married for multiple reasons, among those which are cited by the Chinese.
Just because people are choosing not to get married does not mean that they have avoided all the problems that could occur when they cohabitate and share assets and liabilities. Therefore, whether it’s a prenup or a cohabitation agreement, it’s important to have an agreement which outlines ALL of the issues regarding assets and liabilities coming into the relationship.
As always, a collaborative attorney such as myself can help you with this.
Selected excerpt(s) and linked article courtesy of Fran Lu in Beijing, South China Morning Post (scmp-dot-com)
Royalty-free photo courtesy of Pixabay
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