Domestic Partnership Agreements
Domestic partnership agreements are similar to prenuptial agreements. Their purpose is to protect couples who chose to live together in long term relationships rather than marry.
Domestic partnership agreements can determine how financial issues will be dealt with during the relationship and after it may end. This can include how assets and debts should be divided if the relationship dissolves, how assets should be acquired by the couple during the relationship, and monetary support during and after the relationship.
It is also important that both parties in a domestic partnership execute 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.