Before couples marry, often they agree to a legal contract which is designed to protect each person’s assets. This contract, which is legally binding if drafted properly and entered into with full disclosure, can set out duties and obligations of the husband and wife and establish the rights each will have in the property of the other and of both of them. It can guarantee a level of support in the event of separation or divorce, or it can specify that there will be no alimony.
But prenuptial agreements aren’t just for married folks anymore. Increasingly, unmarried couples are seeking similar legal contracts designed to address child custody issues and determine support obligations as well as protect each person’s assets.
For further information or questions please schedule a consultation in our Alexandria, Virginia office.