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Agreements Among Partners
Today's couples can benefit from a written agreement detailing their finances no matter where they find themselves in the arc of their relationship ' whether they are just deciding to live together, or facing significant financial choices years after saying “I do.” Even if the parties are not considering marriage, having an understanding of their plans going forward can provide a road map, build critical communication skills, set expectations, and prevent future disputes.
Who Benefits
What if the couple has decided, like many “millennials,” that they are just going to live together, maybe even start a family? A cohabitation agreement is in order for those increasing numbers of couples who don't want to marry. Additionally, same-sex couples who cannot marry can benefit from an agreement that defines their goals and plans. For those who can and want to marry, premarital agreements, formerly known as “pre-nups,” are the tool of choice. No longer limited to the family heiress whose parents demand a premarital agreement, these agreements are increasingly a tool for sophisticated couples, career-women who postponed marriage, partners entering second marriages, and parties who increasingly come to the table with equal bargaining power. Finally, post-marital agreements can often be a useful tool for a couple that faces financial or personal changes in their marriage.
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