The U.S. Supreme Court announced on October 6, 2014 that it was not going to consider appeals from lawmakers in five states, including Virginia, who wished to uphold same-sex marriage bans. The result: same-sex couples now have the right to get married in Virginia.
As with any other couples, same-sex couples should always consider a premarital agreement, more commonly referred to as a prenuptial agreement or “prenup,” prior to entering into marriage. Especially as Virginia divorce law changes to accommodate same-sex couples, the use of a prenup can ensure that parties to a same-sex marriage are protected despite any shifts or ambiguities in the law.
Despite the widely held belief that prenups are only for the rich, a premarital agreement is something that every couple should consider. A prenup protects the premarital assets of one or both parties and allows a couple to contemplate … Read More »
If you are engaged to be married, you may be considering entering into a prenuptial agreement or “prenup” with your spouse-to-be. Although popular recognition of prenuptial agreements has grown thanks to celebrity divorces, prenups are still relatively uncommon in everyday marriages. If you or your soon-to-be spouse are pursuing a prenuptial agreement for your upcoming marriage, here are six things to keep in mind as you move forward:
Remember the purpose. Perhaps this is opinion, but the purpose of a prenuptial agreement is more about simplifying and reducing the costs of a potential divorce, and less about defining the marriage relationship or dictating the behavior of either spouse. Keeping this in mind should help you determine which terms are necessary to include and which terms are not.
Protect what you have now. People often enter into prenuptial agreements to protect the separate assets … Read More »
There are very few things in life that rival marriage in terms of the sheer happiness it can induce in those who meet the right people. The trust, the intimacy, the love: beautiful examples of the joy one can take from life. Unfortunately, on the opposite side of the spectrum, when a marriage collapses and the two parties go their separate ways the emptiness, the hurt and the eventual stress can corrupt those happy memories and leave either party with nothing but a miserable experience that they would prefer not to risk again.
Prenuptial agreements are the defender of this. They ascertain pre-determined conditions which are designed to protect not only the union itself, but also the interest of either party. Here’s when they can be used and why you should at least consider creating one before your wedding.
One of … Read More »