When a couple in Virginia decides to end their marriage, each party may have concerns about their financial future. Virginia courts recognize that sometimes, to preserve equity, it is necessary award spousal support.
Now is the time of year for couples in Virginia who got engaged over the holidays to start planning for their upcoming nuptials. It can be easy for couples to become wrapped up in wedding details. However, one detail that they should consider in light of their upcoming marriage is executing a prenuptial agreement (called a premarital agreement under Virginia law).
While some couples in Virginia enter into prenuptial agreements (referred to as premarital agreements in Virginia law), other couples may not take this step before walking down the aisle. However, sometimes circumstances arise in which the couple wishes they had executed a prenup prior to marriage. Fortunately, couples in such situations may be able to form a postnuptial agreement (referred to as a marital agreement in Virginia law).
When a couple in Virginia divorces, it is not unusual for one spouse to pay spousal support to the other spouse. However, sometimes a spousal support order that works for both parties when they divorce, does not work so well years down the road. When this happens, either party can move the court to modify the spousal support award. If there is a material change in circumstances, a spousal support award can go up, down or end after the court considers a number of statutory factors.
Our nation's service members deserve to be honored for the sacrifices they make for this country. Events such as deployment in protection of our nation are important and noble, but if a service member in Virginia or elsewhere has a spouse, a long deployment can take its toll on his or her marriage. Sometimes a military spouse's marital problems become too great, and they decide it is best to divorce.
Serving in our nation's military is a brave and noble act. However, being on active military duty can be taxing on a person's relationship with their spouse, and sometimes, this leads to divorce. When a military parent divorces, a child custody and visitation order will be made. But, how is this order treated if a military parent is deployed?
Summer is a popular time for weddings, but couples in Virginia who are planning their upcoming nuptials may also want to consider the possible paths their life may take after wedding bells ring. One way they can prepare for future possibilities is by executing a premarital (prenuptial) agreement prior to walking down the aisle. In a premarital agreement, couples can address financial issues they may face if they divorce.
Some couples in Virginia are fortunate enough to have accumulated a great deal of assets during the course of their marriage. They may own a business, multiple homes, bank accounts, investments, stocks, retirement accounts and other valuable assets. At least one, if not both, spouse may have a lucrative career. However, should their marriage not last, high net worth couples face certain divorce legal issues that others do not.
Summer is a popular time for weddings across the nation, including right here in Virginia. Soon-to-be spouses may be eager to exchange wedding vows and celebrate the occasion with their loved ones. While their wedding day may have their full attention at this time, it is important that they think of their lives in the future as a married couple. Specifically, they should make sure they are on the same page regarding financial issues. For this reason, some couples choose to execute a premarital agreement, also referred to as a prenuptial agreement, prior to walking down the aisle.