Prenuptials
A prenuptial agreement (also called a premarital agreement) is a legal contract between two people who plan to marry. It establishes how assets, debts, and other financial matters will be handled during the marriage and in the event of divorce or death. While prenuptial agreements are sometimes viewed as unromantic, they are one of the most practical legal tools available for protecting both partners.
Miles Franklin helps couples in Stafford, Fredericksburg, and Northern Virginia draft prenuptial agreements that are fair, enforceable, and tailored to their specific financial situations.
What a Prenuptial Agreement Can Cover
Under Virginia Code § 20-150, a prenuptial agreement can address a wide range of financial matters, including:
- Property rights: Which assets will remain separate property and which will be considered marital property
- Debt allocation: How premarital debts and debts incurred during the marriage will be handled
- Spousal support: Whether spousal support will be available in the event of divorce, and if so, the amount or method for calculating it
- Business interests: Protecting a business owned before the marriage from division in a divorce
- Inheritance rights: How the agreement interacts with estate planning and inheritance
- Financial responsibilities: How expenses, savings, and financial decisions will be managed during the marriage
A prenuptial agreement cannot determine child custody or child support arrangements. Virginia courts always retain the authority to decide custody and support based on the best interests of the child, regardless of any agreement between the parents.
Requirements for a Valid Prenuptial Agreement in Virginia
For a prenuptial agreement to be enforceable in Virginia under Virginia Code § 20-149, it must meet several requirements:
- In writing: Oral prenuptial agreements are not enforceable
- Signed by both parties: Both individuals must sign the agreement voluntarily
- No fraud or duress: The agreement must be entered into freely, without coercion, misrepresentation, or undue pressure
- Fair disclosure: Both parties should have a reasonable understanding of the other’s financial situation, including assets, debts, and income
The agreement becomes effective upon marriage. Notarization is not required under Virginia law but is recommended to help establish the authenticity of the signatures.
When a Prenuptial Agreement Can Be Challenged
A prenuptial agreement can be challenged in court if a spouse can demonstrate that:
- They did not sign the agreement voluntarily (signed under pressure, threat, or without adequate time to review)
- The agreement was unconscionable at the time it was signed, meaning it was so one-sided as to be fundamentally unfair
- The other party did not provide a fair and reasonable disclosure of their finances, and the challenging spouse did not waive their right to disclosure
To protect against challenges, each partner should have their own independent attorney review the agreement before signing. This demonstrates that both parties understood the terms and entered the agreement with informed consent.
Who Should Consider a Prenuptial Agreement?
Prenuptial agreements are not only for the wealthy. They are particularly valuable when:
- One or both partners own a business
- One or both partners have significant assets or debts entering the marriage
- One or both partners have children from a prior relationship and want to protect their inheritance
- There is a significant difference in income or earning potential between the partners
- One partner plans to leave the workforce to raise children
- Either partner has been through a previous divorce
Prenuptial vs. Postnuptial Agreements
If you are already married and did not sign a prenuptial agreement, Virginia law allows you to create a postnuptial agreement (also called a marital agreement) under Virginia Code § 20-155. Postnuptial agreements cover the same topics as prenuptial agreements and must meet the same basic requirements. They can be useful when a couple’s financial situation changes significantly during the marriage or when the couple wants to formalize financial arrangements they have been following informally.
Frequently Asked Questions
When should we start the prenuptial agreement process?
Ideally, you should begin discussing and drafting the agreement at least two to three months before the wedding. Starting early avoids any appearance that one partner was pressured into signing at the last minute, which could be grounds for challenging the agreement later. Both partners need adequate time to review the terms and consult with their own attorneys.
Will a prenuptial agreement hold up in court?
A properly drafted prenuptial agreement that meets Virginia’s legal requirements is generally enforceable. The most common reasons courts set aside prenuptial agreements are lack of voluntary consent, failure to disclose finances, and unconscionability. Working with an attorney ensures the agreement is drafted to withstand scrutiny.
Can a prenuptial agreement be changed after marriage?
Yes. A prenuptial agreement can be amended or revoked after marriage if both spouses agree in writing. Couples sometimes update their agreement after major life changes such as the birth of a child, a significant increase in income, or the start of a new business.
Does signing a prenuptial agreement mean we expect to divorce?
No. A prenuptial agreement is a financial planning tool, similar to insurance. It provides clarity and protection for both partners, which can actually strengthen a marriage by removing financial uncertainty. Many couples report that the prenuptial process helped them have important financial conversations they might not have had otherwise.
Schedule a Free Consultation
If you or someone you know is considering a prenuptial agreement in Virginia, schedule a free consultation with Miles Franklin to discuss your case and learn about your options. You can also call (276) 773-6102 to speak with the office directly.
