When a couple in Virginia makes the decision to marry, they are likely aware of the multiple decisions that they must make. For many, their focus is on the venue where the ceremony will be held and what food they will serve. However, many legal professionals urge engaged couples to consider creating a prenuptial agreement.
When some people get married, they already have a career and significant assets. Some may already have children that they wish to protect and ensure receive adequate care if something were to happen resulting in the parent’s death. While some people may want to shy away from what could be a difficult conversation, having a prenup in place has many benefits.
First, it allows couples to have frank conversations about the estate of their financial affairs. With the document, they can detail what will happen in the event of one or the other’s death. For many, a prenup provides clarity in the event of unexpected events — death or divorce — within a marriage.
There are many aids that can help couples begin the process of creating a prenuptial agreement. While using the internet to research and start putting information together can be a starting point, both people would likely benefit from having an attorney with experience with family law in Virginia to complete the process. Additionally, such a professional can help with any revisions that need to be made to the original document in the future. In fact, some professionals with financial planning experience advise discussing whether revisions are necessary annually.