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Should I Get A Prenup? To be quite blunt, a prenup is generally most advantageous to the person in the power position, meaning the person with the assets to protect. In this vein, a prenup is greatly beneficial if there is a risk of substantial financial loss in the event of a divorce.

Prenups in Virginia are expressly allowed by the Virginia Premarital Agreement Act (Va. Code §§20-147 through 20-155), which sets forth the requirements for entering into a legally enforceable Virginia Prenuptial Agreement, including the content that can and cannot be included in a premarital contract.

Not to mention, lawyers need time to draft your prenup; between the heavy lifting of putting your needs into a contract and managing their other clients, a prenup can take weeks to complete. In many states, you can create a prenup yourself. However, this may not fly in some states that require a lawyer.

How to Make a Prenuptial Agreement (6 steps) Discuss Each Other's Intentions. Determine Affordability. Seek Legal Counsel. Make a List of Financial Assets. Negotiate and Agree to Terms. Sign the Agreement (Requirements)

Prenups in Virginia Prenups can also limit the financial and emotional expense of divorce. While you don't have to visit an attorney to draft a prenup in Virginia, prenuptial agreements must be in writing to be legally valid, and must meet other requirements.

For it to be valid, both parties must disclose all of their existing financial and property information, outlining all assets, including real estate, stocks, and retirement accounts, as well as all debts, including student loans, car loans, and credit cards.