Why Marital Contacts Are Important

Why Marital Contacts Are Important
When you enter marriage, the world is your oyster. Community property may not be at the forefront of your relationship. Most couples don’t anticipate ending their relationship in a flurry of hostility. It is essential to have marital contacts when married or premarital.
What are marital contacts? They are the agreements you make with your spouse or partner about what will happen during your relationship or if you should, unfortunately, get divorced. They can help to prevent disputes and misunderstandings down the road. If you plan to get married, discussing these issues and devising a plan is essential. Creating one of these agreements is not too late if you are already married. Having an arrangement in place can help ensure that your relationship goes as smoothly as possible.

What types of marital contracts are there?

The terms of the agreement can be varied, but some things always come with marriage. What are marital contacts? If you’re considering marriage or are already married, it’s vital to understand marital contracts and how they could affect your life. Consult a legal professional. 
Marital contacts are an essential part of a marriage and are used to document agreements between spouses, resolve disputes, etc. You need to know if you’re married or about to get married.
There are three main types of marital contracts.

1. Premarital Agreements

Address acquisition of assets during a marriage, designation of retirement accounts, community property issues during the dissolution.

2. Postnuptial Agreements

Manage employment arrangements, household responsibilities, property and art purchases, and asset separation.

3. Cohabitation Agreements

Designate domestic tasks, assign legal authority as an agent, who gets the dog, and more.

The benefits of having marital contacts

Did you know that there are benefits to having marital contacts? Married couples have several legal protections that unmarried couples do not. Including, but not limited to, the ability to make health care decisions for each other, the right to inherit from one another, and the ability to file joint tax returns. Additionally, married couples may take advantage of certain tax breaks not available to unmarried couples. Suppose you are considering marriage or are already married. In that case, it is essential to consult with a professional about your specific situation and the benefits of how a marital contract protects you both.
Most couples enter into marriage with the best of intentions. However, over time disputes may arise that can lead to problems in the relationship. One way to try and prevent these disputes from becoming too damaging is to have a marital contract with your spouse.

How to make marital contacts work for you

When you marry someone, you enter into a contract with that person. Suppose you want to be proactive about preventing potential marital disputes and building a solid foundation for your marriage. In that case, it might be time to consider having a marital contract with your spouse. If you’re not sure what to include in this type of agreement, don’t worry! We have years of experience providing couples with helpful information about how they should structure their marriage contracts so that both spouses feel satisfied. Take control of your future and contact ELCV LAW today at 520-795-2235 or schedule an appointment online at www.elcvlaw.com to learn more about how we can provide helpful guidance when creating this document.

Disclaimer: The content in this article is for informational purposes only and should not take the place of actual legal advice. Not all circumstances are the same, and it is suggested that you should seek legal counsel if you need assistance in any of these areas.