Get Virginia Prenuptial Premarital Agreement - Uniform Premarital Agreement Act - With Financial

For it to be valid, both parties must disclose all of their existing financial and property information, outlining all assets, including real estate, stocks, and retirement accounts, as well as all debts, including student loans, car loans, and credit cards.

Prenups can be useful for those who want to keep some property separate for children from prior relationships should this one end in death or divorce. They can also be used by someone who wants to protect their partner from debt, or to simply outline financial responsibilities or obligations.

When it comes to a prenuptial agreement, both fiancés must disclose all of their assets and debts. This is done in the form of a “financial schedule,” which is a snapshot of all of your income, assets, debt, and future inheritance. This disclosure is attached to the end of your agreement.

§ 20-148. "Premarital agreement" means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage. "Property" means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings.

This type of Agreement is permitted by the Virginia Premarital Agreement Act. Premarital Agreements are contracts. They must be in writing and signed by the parties. These Agreements should be notarized so that there is no dispute as to who signed the Agreement and when the Agreement was signed.

What doesn't a prenuptial agreement cover? Child custody or visitation matters. Child support. Alimony in the event of a divorce. Day-to-day household matters. Anything prohibited by the law.

In 1983, the National Conference of Commissioners on Uniform State Laws drafted the Uniform Premarital Agreement Act (UPAA). Virginia adopted the UPAA two years later. The purpose of this act is to make sure that there is national agreement on how prenuptial agreements are enforced in every state.

California prenuptial agreements can't include terms that are considered “unconscionable” when it was signed....They include the following: Child custody; Child visitation; Child support; Waiving spousal support; Encouraging divorce; Unreasonable terms; Any matter that violates the law; Personal issues.