Talking with a future spouse about the end of the marriage before the vows are said is anything but romantic. This is a major reason for the societal stigmas surrounding prenuptial agreements. Many couples may think discussing a prenup is a bad omen for the marriage, but this could not be further from the truth. In fact, every couple in Virginia should consider a prenuptial agreement.
A prenuptial agreement is basically a contract that allows future spouses to decide how liabilities and assets will be divided if the marriage ends instead of relying on a court to make the determination. For couples who are reluctant to discuss the subject, it may be helpful to think of a prenup as a safety net or insurance for the marriage. If spouses remain together for the remainder of their lives, the prenuptial agreement becomes irrelevant so there’s no harm in engaging in a prenup.
Also, signing a prenup does not mean the party with the least assets will get nothing or very little in the event of a divorce. Future spouses can draw up a fair agreement that includes terms on spousal support and details on how assets should be allocated. Prenuptial agreements can help both people feel a sense of security and control over their financial future.
It is a fact that every single marriage will end, either by divorce, annulment or death. Fortunately, couples have the ability and right to decide how their assets or estate is going to be divided. Those in Virginia who want to know more about planning or undergoing prenuptial agreements should first seek the professional assistance of an experienced attorney. A legal representative can answer tough questions and provide guidance throughout this process.