Many non-married, intimate partners who have lived together for several years may wish to articulate the terms of their relationship by entering into a domestic partnership agreement. This agreement defines the rights and responsibilities of each partner and clarifies how any property, assets, or debts would be divided once the partners decide to part ways. In several ways, a domestic partnership agreement functions similarly to a prenuptial agreement—it provides a roadmap for what would happen in the event that the individuals decide to go their separate ways.
Creating a Domestic Partnership Agreement
Without a domestic partnership agreement in place, an unmarried couple would not necessarily be entitled to the other person’s property or assets. By creating a clear document spelling out your intentions and wishes for how you’d like your assets and debts to be handled should you end your relationship, you can ensure that this vision will be honored. As you discuss the terms of the agreement, be sure to share your individual assets and debts with one another so that you can enter into this agreement with a clear and complete understanding. While you are not obligated to consult an attorney to complete a domestic partnership agreement, it’s highly advantageous to have a trusted legal professional look over the document to ensure that your best interests are protected.
Here to Help
In addition to providing assistance with domestic partnership agreement matters, the attorneys at Garretson & Holcomb, LLC are here to help you navigate other significant issues affecting domestic partnerships. If you are struggling with a matter of domestic violence, child custody, parental rights, medical directives, or other issue where you feel like you need your voice to be heard and your wishes respected, we will work with you to help you achieve your goals. No matter what the specifics of your situation may be, we have the necessary experience to ensure that you obtain a favorable outcome.