Popularly known as a “pre-nup,” a marriage agreement is a legal contract for married couples or couples that are about to be married. The agreement is meant to provide a comprehensive framework for the way in which the couple wishes their relationship to function, practically speaking, and the way that issues will be resolved should the couple separate down the road. Similarly, a cohabitation agreement is a great idea for anyone considering moving in with a new partner but doesn’t plan to marry them. By having a lawyer draft an agreement that is legally binding it is possible to negotiate out of certain aspects of the Family Law Act.
This is particularly important to consider if you and your partner have unequal assets or debts, a major discrepancy in income, or if somebody has received a significant gift (for example, a down-payment from your parents). Read more about cohabitation/marriage agreements here
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