Preparing for a wedding can be a hectic and stressful time. For many Virginia couples, it is easy to become so focused on preparing for the wedding that they neglect to have a series of important discussions about the marriage itself. One of the topics that is most often set aside involves financial matters, especially in light of the fact that many people are uncomfortable talking about money. Having these talks, however, can reveal a great deal about how each party approaches money, and whether there is a need to look into prenuptial agreements.
Virtually all Virginia spouses are aware that dividing marital wealth is one of the most important aspects of any divorce. Some spouses, however, overlook the fact that debt is also a part of the property division process, and that financial obligations are also subject to division between the parties. Taking early steps to prevent additional debt is an important consideration, and spouses should be proactive in addressing the matter.