Being in love is an exciting and important part of life and taking that love to the stage of marriage or moving in together is a big step. While we can’t tell the future about everything in a marriage or long-term relationship, some laws can help benefit both of your interests now including prenuptial agreements, postnuptial agreements & cohabitation laws.
A prenuptial agreement is made to protect both parties’ financial interests. Although this can be a difficult conversation to have with a partner, these agreements can potentially save parties a substantial amount of time and money in the future.
Prenuptials, or premarital agreements, layout a plan for how everything will be divided (or not) in the case of divorce or separation in the future. This is all decided upon and signed before the marriage occurs.
A postnuptial agreement is the same idea, but it occurs during a marriage. This can touch on loans, inheritance, and more.
Unmarried couples who live together also have access to this type of asset protection under cohabitation laws.
These laws allow individuals who cannot be legally recognized as married or do not wish to become married, to reach an agreement about their rights and responsibilities regarding assets and liabilities. The agreements can also prevent future disputes or litigation over the couple’s assets, property, and liabilities.
Talking to a partner about these issues can be difficult, but it’s essential to know your rights and to know you’ll be protected if the worst should happen. Our experienced family law attorneys can walk you through whichever agreement works best for your relationship and help you understand how to protect the parts of your life you value the most. Call us at 406-541-2550 to set up an appointment today.