This Prenuptial Premarital Agreement with Financial Statements form package contains a premarital agreement and financial statements for your state. The agreement can be used by persons who have been previously married, or by persons who have never been married. It includes provisions regarding the contemplated marriage, assets and debts disclosure and property rights after the marriage. The agreement describes the rights, duties and obligations of prospective parties during and upon termination of marriage through death or divorce. These contracts are often used by individuals who want to ensure the proper and organized disposition of their assets in the event of death or divorce. Among the benefits that prenuptial agreements provide are avoidance of costly litigation, protection of family and/or business assets, protection against creditors and assurance that the marital property will be disposed of properly.
Virginia Premarital Agreement For Child Support
Description
How to fill out Virginia Prenuptial Premarital Agreement - Uniform Premarital Agreement Act - With Financial Statements?
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FAQ
For a prenup to be valid and enforceable in court, it must also be:Fair and reasonable.Signed voluntarily (not under duress)Signed by both people before a witness (such as an attorney)Notarized.Signed after full disclosure of both parties.
Guidelines for drafting a successful prenuptial agreementSeparate lawyers. Both partners need access to all relevant information when they are discussing the agreement's terms.Keep it simple. Don't attempt to write the agreement yourself.Be fair.Professional degrees.Personal banking.The final document.
Hire a lawyer to draft the agreement for one spouse, then have another lawyer read over the agreement for the other spouse. Draft the prenup yourself (or, more commonly, use a template), then have each spouse hire a lawyer to review the agreement.
Can a Postnuptial Agreement Be Enforced in Virginia? Yes. The Code of Virginia allows for the enforcement of marital agreements. As soon as the document is signed by both parties, it becomes an enforceable contract.
Virginia law requires premarital agreements to be is in writing and signed by both parties. The agreement is enforceable without consideration and becomes effective upon the marriage.