Bowen Ten Cardani, PC

Call Us For Your Initial Consultation

804-767-6850

The advantages of a prenup for student couples

Few people want to think about the possibility of divorce and the need for prenuptial agreements while planning a wedding. Students may be even less likely to think a prenup is needed since they may have few assets. However, there are several reasons students in Virginia might want to consider one.

Many students carry significant amounts of debt. This may be particularly true if they are attending law or medical school. A prenup can protect the spouse from taking on that debt, but it can also protect a student's future earnings.

Creating a prenuptial agreement gives people the opportunity to talk openly about their finances and their own attitudes about money. Some people, particularly younger people, may not be fully aware of all the assets they own, and the disclosure required for a prenup can help them better understand their own financial situation.

A prenup should not be used as a substitute for an estate plan, but it can also address the distribution of assets after a person's death. Some younger people might want assets to go to their parents instead of to their spouse.

One thing students may want to consider is whether they might want to start a business and how that business might be divided in case of divorce. For the student who is not involved in the company, it may be worth taking into account the value of caring for children or other tasks that allow the business owner to more fully focus on the company's growth. A prenup might also address spousal support although it should not include child support or child custody arrangements. An improperly prepared prenup could be vulnerable to challenges in court. For example, if one spouse was pressured into signing the agreement or did not get adequate legal counsel, the document might be declared invalid in a divorce.

No Comments

Leave a comment
Comment Information
Email Us For A Response

We’re ready to work with you.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Bowen Ten Cardani, PC

Richmond Office
3957 Westerre Parkway, Suite 105
Richmond, VA 23233

Toll Free: 866-601-7371
Phone: 804-767-6850
Richmond Law Office Map

Ashland Office
9410 Atlee Commerce Blvd, Suite 2
Ashland, VA 23005

Toll Free: 866-601-7371
Phone: 804-767-6850
Ashland Law Office Map

Rated By | Super Lawyers | Rising Stars Britney McPheron
Super Lawyers | K. Matthew Long