Marriage contracts can be a good idea for people who are committed to each other but are not yet married under the law. For instance, if you and your significant other have lived together for several years, you could choose to have a marriage contract or cohabitation agreement drawn up to discuss all the important parts of you living together and what would happen if you separated.
In some areas, the domestic contract, marriage contract or cohabitation agreement could also be known as a prenuptial agreement. The agreement looks at how you plan to arrange your assets and affairs while you’re together and discusses how you’ll split assets or determine your roles in a divorce in the case you get married. Of course, the paperwork only plays a part in determining your roles and can be altered post-marriage with a post-nuptial agreement, too.
To get a prenuptial agreement, both parties need to be able to discuss and decide on certain parts of the contract. A marriage contract can be a healthy part of a relationship that helps you and your soon-to-be-spouse work out your affairs before getting married. This contract doesn’t signify that you could choose to get a divorce. Instead, it is actually intended to prevent divorce by laying out all your assets and affairs now, before you marry.
Our website has information on marriage agreements and how you can use one to help you and your partner decide on how you’ll work together during your relationship and marriage. With all your assets and requests out in the open, this can be a good time to discuss your future plans and goals with your partner — before you ever get married.
Laughlin & Company Lawyers Mediators
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