As couples become enamored with each other, they cease to consider the possibility of the relationship ending. Unfortunately, a significant number of married couples grow apart and decide to separate or divorce. Those who have planned for the future can avoid serious disputes regarding assets, property or debts that might need to be divided.
At The Laurel Brigade Law Group, we have a long history of helping clients through serious family law matters. Premarital agreements (also known as prenuptial agreements) can be drafted to clarify the assets that each party brings to the marriage. If the marriage ends without these types of agreements, a divorcing couple might face heated debates centered on the equitable division of marital assets and what assets can be considered premarital.
What Is The Virginia Premarital Agreement Act?
Codified in Section 20-147 et seq. premarital agreements are governed by the act itself. Individuals can attempt to handle numerous family law matters on their own. Unfortunately, a simple mistake might nullify the entire document. It is wise to have an experienced attorney review the act with you, and explain your legal options.
A premarital agreement should discuss certain specific topics. It is important to speak to an experienced attorney about what specific things should be referenced.
Typically, areas that are addressed can include:
- Issue of grounds of divorce
- Spousal support
- Child support
- Separate assets brought into marriage
- Joint assets acquired throughout the marriage
While many states impose a certain time frame in the drafting of a premarital agreement, Virginia does not. As long as you are not married, you can enter into a premarital agreement.
Discuss the benefits of a premarital or prenuptial agreement with a skilled Leesburg lawyer.
Call us at 703-777-6161, or email us.