What is a Property Agreement?
Property Agreements are legally enforceable contracts you and your significant other make about your relationship.
When should I prepare a Property Agreement?
As you grow closer together, it is important to carefully plan and share understanding about what you expect from your relationship and how property will be shared or maintained separately. Property Agreements are a logical extension of estate planning but can also be a precursor to an estate plan.
Are there different types of Property Agreements?
Yes, there are different types of Property Agreements and are usually categorized by your marital relationship with your partner. The three main types of Property Agreements are:
a cohabitation agreement in a domestic partnership,
a prenuptial agreement before marriage, or
a post-nuptial agreement entered into after marriage.
All three types of Property Agreements help strengthen the relationships because the process of drafting a property agreement encourages discussion and communication and results in mutual understanding.
What is the value of a Property Agreement?
We don't like to think about our relationships ending, whether by death or voluntary separation, but with properly drafted and executed agreements, each party knows what will happen because you've made your commitments in writing before the life event.
Whether you're just starting out together or need to clarify your interests after you are already a couple, a Property Agreement is a smart way to protect your assets and make a plan to build a life together.
Give us a call. We can help.
Law Office of Shawn C. Newman, P.A.
710 Northeast 26th Street
Wilton Manors, FL 33305-1238
Phone: (954) 563-9160
Serving all of the greater Fort Lauderdale area and Broward, Palm Beach, and Miami-Dade counties in Southern Florida.