Domestic Partnership Agreements
Domestic partnership agreements are similar to those of prenuptial agreements. The purpose of a domestic partnership agreement is to protect couples that chose to live together in long term relationships instead of marry.
Domestic partnership agreements can determine how financial matters will be dealt with during the relationship and after the relationship may end. This may include how assets and debts should be distributed if the relationship dissolves, how assets should be gained by the couple during the relationship, and monetary support during and after the relationship.
It is also essential that both parties in a domestic partnership create life planning documents that give rights and authority to the other partner. Examples include Last Will and Testament, Living Will, Designation of Health Care Surrogate and Power of Attorney documents.