Most Virginia couples don’t start out their married life together thinking about what will happen if the relationship ends in divorce at some point in the future. In reality, some couples will decide to end their marriages, and when that happens, it can be extremely helpful to have a prenuptial agreement. Creating one of these agreements, which is done before the marriage takes place, is not planning for the marriage to fail. It is simply being prepared for contingences.
Why is it so important?
A prenuptial agreement outlines what will happen to marital property in the event of a divorce. It can also outline how the two parties will share financial responsibilities during the marriage. Prenuptial agreements can be beneficial for the following reasons:
- It can provide peace of mind for the two parties before they marry.
- It protects the separate property brought by both parties into marriage.
- It allows couples to have a measure of control over what happens to property in a divorce.
A Virginia couple does not have to be wealthy or possess valuable assets to benefit from having a prenuptial agreement. Drafting one is a step that may prove helpful for every couple entering marriage.
A sustainable contract
A prenuptial agreement should be drafted carefully and with full consideration. It is beneficial to work with an experienced attorney at every step of this process. Experienced guidance is necessary in order to ensure the terms of a prenup are enforceable, fair and sustainable in case of a dispute during a divorce at some point in the future.