4 Things a Virginia Woman Should Know About a Prenuptial Agreement (Part B)
Prenuptial agreements aren't solely for issues related to Virginia divorce; they can help provide guidelines for financial decisions you make during your marriage, and sometimes also address matters that would need to be handled in the event of a partner's death.
Prenuptial Agreement Misconception #2 - They're Only for the Wealthy
The second common concern about prenuptial agreements is that they're only for very rich people. We usually hear about prenuptial agreements in connection with celebrity divorces in which millions of dollars are on the line, so it can be hard to understand how a prenuptial agreement can benefit the average couple in the event of a Virginia divorce.
While you may not be wealthy at the time of your marriage, you don't know how things will develop as the years go by. While you may never have rock star money, you may very well end up owning some assets that will need to be divided in case of a Virginia divorce. Hard-working people with positive attitudes tend to plan for a future that includes some degree of financial success. A prenuptial agreement can be part of that plan.
Prenuptial Agreement Misconception #3 - They're One-Sided
The third important thing to remember about prenuptial agreements is that they don't only benefit the wealthier partner. In order for a prenuptial agreement to be legal, it has to be fair. Both partners have to have separate legal counsel and both need to disclose all their assets during the process of creating the agreement. These measures help ensure that a wealthier or more knowledgeable partner doesn't manipulate the agreement to leave the other partner destitute in the event of Virginia divorce.
Prenuptial Agreement Misconception #4 - They are Complicated
Many people are intimidated by legal contracts that are long and complicated. This brings us to the fourth thing you should know about prenuptial agreements: They don't need to cover every imaginable thing you might ever encounter in a Virginia divorce; they can cover only the issues that are important to you and your spouse-to-be. For example, it can address how a certain valuable item or asset will be distributed. A Virginia divorce attorney can advise you on what issues you might want to include, but ultimately the choice is up to you and your partner.
If you're considering a prenuptial agreement, you should speak with an experienced Virginia divorce attorney who can help you decide if a prenuptial agreement is best for you and if so, assist you in preparing one.
Contacting a Virginia Divorce Attorney
If a prenuptial agreement is a factor in your divorce and you are concerned about its implications, discussing your situation with a Virginia divorce attorney may help to bring you up to speed on your legal options and standing. Our Virginia divorce attorneys care about your rights, the welfare and happiness of your children, and your financial security. Let us use our unique experience to help you focus on your goals for the future and your family. To learn more about Virginia divorce, request a FREE copy of our divorce book for women in Virginia, or reserve your seat at our monthly divorce seminar - 757-425-5200