Once thought of as a sign that a couple did not have faith in the long-term viability of their relationship, prenuptial agreements are now recognized as what they really are: useful tools used to decide how assets should be handled if the marriage ends in divorce. Similarly, many couples choose to live together and share their lives but not get married. In these situations, a cohabitation agreement can be used to spell out what should happen to property if the relationship ends.
At Ostertag O’Leary Barrett & Faulkner, we have met the needs of couples throughout the Hudson Valley for decades. We have gained a reputation for effective and compassionate representation tailored to each client’s individual needs. Our depth of family law knowledge coupled with real-world problem solving skills allows us to protect our clients’ interests in ways that often exceed their expectations. If you are considering a prenuptial agreement or a cohabitation agreement, we can help you create a plan that protects your interests.
To arrange a consultation with our experienced Poughkeepsie family law attorneys, call 845-486-4300 You may also contact our law firm online.
A prenuptial agreement is a contract that sets out what will happen in the event of a divorce and/or death. Couples sign them before marriage as part of smart marriage planning. Prenuptial agreements can be an especially good idea if either spouse has been married before, has children from a previous marriage or has assets that require special protection.
With the passage of Marriage Equality Act in July 2011, which legalized same-sex marriage in New York, gay and lesbian couples now enjoy the same rights and responsibilities as heterosexual couples. Same-sex couples thinking about marriage can benefit from a well-crafted prenuptial agreement that defines their rights in the event of divorce.
A cohabitation agreement can be used protect people who live together in long-term non-marital relationships, whether heterosexual or same-sex. These agreements are particularly helpful when a party wants to take that next step with a partner such as starting a business together, purchasing property and/or commingling assets. Because New York law does not protect unmarried couples the way it protects married couples, a cohabitation agreement can be used to build in protections you would not otherwise have and give you peace of mind.
To speak with a lawyer about a prenuptial agreement or cohabitation agreement, call Ostertag O’Leary Barrett & Faulkner at 845-486.4300. You may also contact our law firm online.