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We are well aware that when most people hear the words “prenuptial agreement”, another word comes quickly to mind – divorce. However, a prenuptial or non-marital agreement can be a positive in any consensual relationship by:

• Creating an understanding as to how each partner will contribute to household expenses
• Determining how assets and debts each brings to the relationship will be shared or kept separate
• Spelling out when and how children from a previous marriage or relationship will inherit
• Addressing how the couple will provide for one another at death

Should a couple decide to dissolve their marriage or end their relationship, a prenuptial or non-marital agreement can help preserve each partner’s well-being by reducing disagreement about how to divide personal property, assets and debts. It can also be a way to preserve relationships with family and friends when a spouse or partner dies.