![]() Statuary rights to claims in division of property are given to married persons only.Ĭlaims to ownership of assets in common law relationships are based, in law, on trust principles rather than property rights. The common perception that, after 3 years of cohabitation, a common law relationship bestows both the rights and responsibilities of marriage is wrong. Yet the breakup of so called “common law” relationships can be just as devastating as that of a traditional marriage, thus making any such agreement equally important. Perhaps the most compelling argument for a marriage contract is simply that, at this point in your relationship, when your hearts are most open, you should agree on how you will treat each other, should you ever decide to go your separate ways.Ī cohabitation agreement is ideal for couples choosing simply to live together, rather than marry. You and your soul mate are contemplating marriage or cohabiting. This article is not intended to replace legal advice, which, by necessity, is dependent on the specific facts of every case. Marriage contracts are just one of several legal tools that can be used to address your specific needs. ![]() ![]() ![]() Clearly, the decision to enter into such a contract is highly personal and influenced by your specific situation and values. Veterinarians should be aware of the issues with which marriage contracts have been developed to date. ![]()
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March 2023
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