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Prenuptial agreements help couples plan for marriage

| Feb 20, 2018 | Prenuptial Agreements |

Virginia couples planning for marriage may face the question of whether or not to get a prenuptial agreement. Some future spouses might feel that a prenup creates division between partners and helps to lay the groundwork for divorce before the marriage even begins. These documents can also make it seem as if one partner’s family is undermining the marital bond. Despite the negative conceptions of prenuptial agreements, they can actually work to strengthen a relationship and build a more solid marriage.

Any relationship that’s characterized by strong financial disparities can be complicated. By setting out a framework for clear and explicit discussion and understanding, a prenup can help to avoid under-the-surface issues. Family businesses and properties are some of the assets most frequently included in prenuptial agreements. In these cases, relationships between new spouses and in-laws are often a point of contention. However, a prenup can also be an opportunity to lay out boundaries regarding family involvement in decision-making in the years to come.

Financial disparity can also be marked by a power imbalance. Generally speaking, the party with more assets is seen as the dominant spouse in the relationship. By creating explicit provisions for the transfer of funds or assets, prenups can actually prevent rather than impose problematic power relations.

A prenuptial agreement can be an important choice to protect one’s assets and prepare for the future of a marriage. Because each spouse should be represented by their own family law attorney, the prenup process can help to protect the needs and interests of both partners as they shape the agreement.