Why Are Marriage Agreements Or Cohabitation Agreements Important?
With the rate of divorce as high as it is in these times, there are extended and former family relationships that are very complex. To discourage litigation and wasting of assets as well as other unpleasant possibilities, it is wise to obtain advice from an experienced lawyer for the writing of sound settlement agreements, marriage agreements or cohabitation agreements, carefully considered, legally binding Wills and, where applicable, trust agreements or arrangements. These are particularly important for people:
- who have been divorced and are contemplating remarriage or a new commonlaw spousal relationship;
- who are contemplating marriage or a spousal relationship with someone who has been divorced;
- where there are children from a former relationship;
- especially where a person has significant assets or insurance benefits payable on his or her death.