
Written agreements can play a helpful role in defining the rights and responsibilities of couples. The purpose of these agreements is to protect the financial interests of both partners and to plan for a fair division of property in case your relationship ends.
Prenuptial, cohabitation, and marriage agreements are three different types of agreements that couples can consider, each serving a similar purpose. The reason you may choose one over the other depends on the status of your relationship.
All three types of agreements usually cover these subjects:
- How your property (or assets) and debts (or liabilities) will be divided in the event that the relationship ends or one partner dies;
- Whether or not one person will pay the other support payments if the relationship ends;
- Who will take care of the family pet if the relationship ends; and
- Some matters about children, if you have any.
As for which agreement you should choose, here’s a shorthand guide:
- Are you about to get married? Go for a prenuptial agreement.
- Are you already married, but have decided now is the time to get organized? A marriage agreement is just the thing for you!
- Are you living with your partner but not sure marriage is in the cards? A cohabitation agreement is what you need.
At Jointly, we call all of these agreements “relationship agreements” – and whether you’re engaged, married or living together, we can help you and your partner work together to build a relationship agreement that works for you. Click here to get started!
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