Pre-prenups

[Leslye]

Pre-prenups also known as cohabition agreements or cohabs are the lastest thing. It’s a dating pre-nup which is contractual guideslines for relationships and relation-splits. People want to protect themselves, their property and their pets in case of a break-up. They are particularly common in New York where common-law marriages aren’t recognized and unmarried couples are considered legal strangers—unless they have protected themselves with a cohab. I would strongly suggest that you use an attorney to draw one up for you, especially if you have valuable possessions. Some of the things to include in your cohab are: shared property, partner support, pre-relationship or future debts, joint purchases, educational expenses, pets, life insurance, health proxies and joint banking accounts. You should revisit your cohab whenever a significant life event or change in circumstances occurs in your relationship.