If you have been through a Virginia divorce in the past and are now thinking about getting remarried, a prenuptial agreement can prevent mistakes. Many people think that prenups aren’t necessary after a first marriage but that’s not the case. In fact, a prenuptial agreement is often more important for subsequent marriages. Here are four compelling reasons to get one.
Open communication
Communication is an essential part of any marriage. A prenuptial agreement can help you open lines of communication before you one again walk down the aisle. One way it does that is by giving you a platform to discuss financial plans before your marriage.
Protect your children’s future inheritances
If you have children from your previous marriage, you will want to protect their futures. Without a prenuptial agreement, their inheritance may not have the protection it needs. For instance, if you pass away, your surviving spouse may have a right of survivorship over your estate. A prenuptial agreement can provide protection for your children’s inheritance.
Safeguard assets
If you’re like many people, you may go into a second marriage with assets of your own. Virginia is an equitable distribution jurisdiction. Without the right protection, all marital assets will be divided by the judge on the basis of fairness. With a prenuptial agreement, the assets bring into the marriage can remain your property if you divorce.
Reduce anxiety
Financial issues can arise in any marriage. A prenuptial agreement can help alleviate those problems before the come to the surface and ruin your new relationship.