Virginia residents who are about to get married might not think that a prenuptial agreement is for them, particularly since people often think only the very wealthy need them. However, a prenup can be a good idea for any couple who is about to get married, whether they are already wealthy or not.
Some Virginia couples choose to include 'lifestyle clauses" as part of their cohabitation or prenuptial agreements. These clauses usually concern nonfinancial matters and are reportedly popular with celebrities and wealthy individuals. Some of the lifestyle clauses that rich and powerful people have allegedly included in their relationship contracts include agreements for spouses to maintain a certain weight, restrictions on gambling and drinking and agreements to spend a certain amount of time together.
Even those who aren't interested in Hollywood power couples may want to take note of the pending divorce between Jennifer Garner and Ben Affleck. The couple's recent divorce filing may be impacted by the fact that it occurred slightly more than a decade after their marriage, which may be important under California family law.
Virginia couples planning on marriage may benefit from signing a prenuptial agreement to specify their financial arrangements in the case of a divorce or the death of one spouse. Creating a prenuptial agreement can be a straightforward process, and it is recommended that both parties have their own attorney. Full disclosure of finances on behalf of both parties is also an important and required part of the process.
Virginia residents who are looking to protect their separate assets in their marriage may be interested in some ways to accomplish this. Even without a written agreement, this separation may be achievable for the most part.
Although many ex-spouses in Virginia may think they have taken care of all important matters in a divorce, they should also change their beneficiaries after their divorces, unless they wish for their ex-spouses to receive their life insurance money. They must wait until the divorce is completely finalized because they cannot go through the process of changing their life insurance policies while they are going through divorce proceedings. If they fail to change their beneficiaries, their benefits could automatically go to their ex-spouses, even if they leave everything to other people, such as their children or new spouses.
Virginia parents who are contemplating a divorce may be interested in an article discussing an important part of the process. Child support orders can be vital in providing income necessary to care for a child after a divorce.
Virginia parents who have been ordered to pay child support are providing a wide range of benefits for their children. In addition to the basics such as food, clothing and shelter, child support payments may also provide money for a tutor or to take part in a club or a summer camp. Support payments may also provide for the special physical or emotional needs that a child may have.
In the event a couple in Virginia gets divorced, spousal support may either be awarded by a judge in a court order or agreed to by the parties. The theory behind ordered spousal support is to remove unfair financial impediments one spouse may have due to his or her unemployment or underemployment, allowing the recipient an allotted amount of time to seek job training or obtain employment in order to adequately provide for his or her own support.
The end of a marriage or a romantic partnership is by nature a difficult time, even before one considers issues like property division, child custody, and other legal concerns.