There are so many things a couple planning a wedding should consider. An increasing number, though, also remember to consider planning for the legal issues surrounding marriage. Those legal issues often include merging financial assets, creating wills and power of attorney documents, and for many, a prenuptial agreement.
In 1986, Virginia enacted the Premarital Agreement Act, which allows those marrying to enter into agreements regarding their “real or personal property, including income and earnings.” Agreements under this law are also referred to as “prenuptial agreements.”
These agreements aim to reduce the potential for conflict and unnecessary financial burden in the event of divorce. By setting out what will happen with asset division and spousal support in advance, each person can consider the financial and legal ramifications of marriage before saying, “I do.”
Virginia law says a prenuptial agreement should be voluntary, in writing, and signed by both parties. It also establishes certain requirements for the content of these agreements and requires disclosure of property and financial obligations before marriage to be enforceable.
Virginia law allows you to address a broad spectrum of issues in creating your prenuptial agreement. The most common concerns addressed in a prenuptial agreement are:
After marriage, a prenuptial agreement may be amended or revoked only by a written agreement signed by both parties. Under Virginia law, married couples may enter into agreements with each other regarding their marital assets and obligations in the same way and to the same extent as prospective spouses.
To schedule an initial consultation with the best Fairfax Prenuptial Agreement Lawyer from Curran Moher Weis, who can assist you in negotiating and drafting a sound prenuptial agreement as many couples in Fairfax and nearby, please contact our offices at (571) 328-5020 or request a consultation.