12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
Edit & Print a Free Virginia Premarital Agreement
  • Written by expert Attorneys
  • Guaranteed for your State
  • Personalized for your situation
  • Finish and print in minutes!

What You Can and Cannot Do With a Pre-Nuptial Agreement in Zip Code 23230

What You Can and Cannot Do With a Pre-Nuptial Agreement in Zip Code 23230


The greatest marriages are built on teamwork. A mutual respect, a healthy dose of admiration, and a never-ending portion of love and grace.
 
- Fawn Weaver


A prenuptial agreement (or "prenup") is a legally binding contract created by two people before they marry, addressing such issues as the property bought into the marriage by each person and what the financial settlement and property rights of each will be should they divorce.

Couples can spell out the financial responsibilities of each should there be a divorce, they can articulate specific expectations of each during the marriage (and remedies should these commitments not be met).

Marriage is a serious business and all couples should consider a prenuptial agreement and a strong understanding of the laws of their state pertaining to divorce. The agreement is commonly used by people with substantial assets, potential inheritance, high income or children from prior marriage.

Before signing a prenup, you should have a clear understanding of its purpose and what it can or cannot do on your behalf.

What is allowed in a Prenuptial Agreement:

• Identify who gets what in a divorce. Prenuptial agreement can be use to set the rules for property distribution thus preventing disagreement during a divorce. Without this document, the state law will be the one to determine how the property will be allocated upon your divorce. Getting or not getting alimony can also be stated in the prenup but a lot of states do not allow agreements regarding alimony.

• Separate finances.When a couple is married, all the property they have accumulated during the course of their marriage is considered marital or community property even if these assets aretitled in one spouse's name. When one of them dies or they divorce, these properties will be equally divided through agreement or a court order. The best way to avoid having the court decide all property settlements in death or divorce is to spell it out in a prenuptial agreement.


• Determine property distribution at the death of one spouse. A prenup can be used to waive your inheritance rights and declare your intentions of forgoing certain property rights at the death of a spouse. In addition to a prenup this should be spelled out in estate planning documents that can actually transfer your property as planned. This includes making a will, a Living Trust and other estate planning documents.

• Debt protection.One or both spouses may bring substantial debt to a marriage. Creditors may turn to the marital or community property to settle the liability of one spouse. Having a prenup can limit the liability for each others' debts.

• Provide for children from prior marriage.You may wish to make sure that children from previous marriages have a share in the property you own. Having a prenup can protect the children's rights and prevent one spouse from claiming the other's property if one of them dies.

• Keep property in the family. A prenup can include property (e.g. family heirloom or share in the family business) that you want to keep within your birth family, as long as it is agreed upon by both of you. Even a future inheritance can remain in the family through a prenup.

• Clarify responsibilities during the marriage. Other uses for a prenuptial agreement can be stated in terms of marriage responsibilities like:

• Income tax returns, whether joint or separate filing

• Who will pay the household bills and the funding source for these obligations

• Whether to have a joint bank account and who will manage it

• Agreements regarding specific purchases

• How to handle credit cards

• Agreement on setting aside money for savings

• Agreements regarding education

• Agreement regarding the provisions for the surviving spouse just in case the other one passes away.

• How to settle disagreements in the future

What is not allowed in a Prenuptial Agreement:

• Restrictions on child support, custody or visitation rights. Lawmakers regard the welfare of children to be a matter of public policy. They won't enforce any private agreement that can impair the child's right for a future relationship with a parent

• Give up the rights to alimony. This is a separate maintenance or spousal support whenever a divorce occurs. Some states do not allow the giving up of the rights for alimony.

• Encourage divorce. Prenups should not be use as a sort of financial incentive for divorce to one party. When this is the case, it will be set aside.

• Create rules about non-financial matters. This refers to the issues that is not related to property or financial matters like:

• Chores in the house

• Use of last name after marriage

• Agreements regarding children

• How to communicate to in-laws or stepchildren

• Agreements regarding pets and its care

You may use prenups for financial purposes, but not for nonmonetary agreements. If you want to make clear the responsibilities with regards to the non-monetary concerns, you may list it down on a separate document that can clarify your wishes and intentions rather than include it as part of a prenuptial agreement.

 
Download & Print a Free VA Premarital Personalize This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
  Answer Easy
Questions
answer simple questions online step by step
Easy Questions, Instant Documents
  • Finish in Minutes
  • Download Immediately
  • Written by Attorneys
  • 100% Guaranteed
  Get Instant Legal
    Documents

Print, save or email your finished legal document immediately!
Last Will & Testament
Related Legal Services near Zip Code 23230
Killebrew Patrick D
5511 W Marshall St
Richmond, VA 23230
(804) 282-9555
Attorneys, Legal Service Plans
Barnes & Diehl PC
6806 Paragon Pl # 110
Richmond, VA 23230
(804) 762-9500
Adoption Law Attorneys, Attorneys, Family Law Attorneys
Marks & Harrison
7001 Forest Ave
Richmond, VA 23230
(800) 946-9461
Employee Benefits & Worker Compensation Attorneys, Attorneys, Legal Service Plans, Labor & Employmen
Partin Robert W
4928 W Broad St
Richmond, VA 23230
(804) 545-9402
Attorneys, Legal Service Plans
McDonald, Sutton & DuVal
5516 Falmouth St Suite 108
Richmond, VA 23230
(866) 288-9260
Personal Injury Law Attorneys, Bankruptcy Law Attorneys, Attorneys
Lawing Press Ltd
2007 N Hamilton St
Richmond, VA 23230
(804) 622-9181
Attorneys, Legal Service Plans
Parkinson Jr William C
5310 Markel Rd
Richmond, VA 23230
(804) 288-9026
Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Legal Service Plans
Carroll-Seli Tenley
4914 Fitzhugh Ave # 200
Richmond, VA 23230
(804) 254-9001
Attorneys
Cording Jason P
4914 Fitzhugh Ave # 200
Richmond, VA 23230
(804) 254-9001
General Practice Attorneys, Attorneys
Division of Child Support Enforcement
2001 Maywill St
Richmond, VA 23230
(800) 468-8894
General Practice Attorneys
Geoff McDonald & Associates, P.C.
3315 W Broad St
Richmond, VA 23230
(804) 888-8888
Personal Injury Law Attorneys,  Accident & Property Damage Attorneys,  Attorneys,  Employee Benefits
Tronfeld West & Durrett
4020 W Broad St
Richmond, VA 23230
(877) 927-8794
Civil Litigation & Trial Law Attorneys,  Attorneys,  Personal Injury Law Attorneys,  General Practic
Montgomery John
2116 Dabney Rd Ste A1
Richmond, VA 23230
(804) 355-8744
Attorneys,  Legal Service Plans,  Personal Injury Law Attorneys,  Insurance Attorneys,  Social Secur
Guare Timothy H
6802 Paragon Pl # 100
Richmond, VA 23230
(804) 288-8480
General Practice Attorneys, Attorneys
Ryscavage Kathyrn A
6802 Paragon Pl # 100
Richmond, VA 23230
(804) 288-8480
Attorneys
George J Kokorelis PC
4907 Fitzhugh Ave # 200
Richmond, VA 23230
(804) 358-8100
Attorneys, General Practice Attorneys, Legal Service Plans
Kokorelis George J.
4907 Fitzhugh Ave
Richmond, VA 23230
(804) 358-8100
Attorneys, Criminal Law Attorneys, Divorce Attorneys, Corporation & Partnership Law Attorneys, Busin
Baruch, Peter B Parcell & Webb
6802 Paragon Pl # 602
Richmond, VA 23230
(804) 358-8000
Attorneys, Criminal Law Attorneys, General Practice Attorneys, Legal Service Plans
Baruch Peter B
6802 Paragon Pl # 602
Richmond, VA 23230
(804) 358-8000
Attorneys, Criminal Law Attorneys, General Practice Attorneys, Legal Service Plans
Rosman Marvin
4912 W Broad St
Richmond, VA 23230
(804) 355-8000
General Practice Attorneys, Attorneys
The Harbison Law Firm, P
5211 W Broad St # 100
Richmond, VA 23230
(804) 888-8000
General Practice Attorneys, Attorneys, Legal Service Plans
Gayle Jr John Cole
5905 W Broad St # 303
Richmond, VA 23230
(804) 282-7900
Attorneys, Legal Service Plans
Kastenbaum, Robert G - Kerns Kastenbaum & Reinhardt
1809 Staples Mill Rd Suite 300
Richmond, VA 23230
(804) 355-7900
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Labor & Employment Law Attorneys, Divorce A
Carl Edward
4900 Cutshaw Ave
Richmond, VA 23230
(804) 353-7600
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US