No one enters a marriage assuming that it will end at some point in the future. However, many marriages do end in divorce, and it is helpful to plan for that possibility. A prenuptial agreement can help protect the interests of Virginia adults who are preparing to marry. This contract outlines how the division of marital property will work in the event of a divorce. This agreement can function much like insurance, protecting the interests of both parties.
Who really needs one?
There is a misconception that prenuptial agreements are only necessary for individuals who have a significant amount of money or expect to have a significant amount of money in the future. However, more and more couples are seeing the benefit of having this type of protection in place. One benefit is that a prenup allows the two parties to decide how they want to divide marital property in the event of a divorce.
Experts suggest that those looking to create a prenuptial agreement should begin discussing this option around six months before they walk down the aisle. This can provide them with ample time to discuss financial goals, specific concerns each party may have and objectives for the future. Having a prenuptial agreement can reduce the chance of conflict in the event of a divorce.
Professional help at every step
A Virginia couple does not have to be wealthy or famous to benefit from the protections provided by a prenup. An assessment of their specific situation can provide them with insight regarding the specific steps they need to take. Creating a prenup is not planning for a marriage to fail; it is simply preparing for a possible future contingency.