Times When You Can Go For An Agreement About Asset Division With Your Life Partner
It is natural for anyone to find a partner with whom they want to spend their life together. Most of the time, when two people find themselves in love and feel they should spend their lives together they enter into a marriage. That is to make sure in the eyes of the legal system of a country they are officially accepted as a couple.
However, what some people do not consider when they enter into a marriage is that in case of a divorce their assets are going to be divided equally between the two partners. This can be fine if all the assets they have been acquired during the marriage. However, when one partner already enters the marriage with some assets of his or her own, he or she will have to give part of that to the other partner as well. That can be an unfair deal. This is why people are advised to go to relationship property lawyers Auckland and get an agreement created about the ways the assets should be divided in case of a divorce. There are mainly two occasions on which you can enter into such an agreement with your partner.
Before You Begin a Serious Commitment
When you are thinking about getting married it is always good to talk with your fiancé or fiancée and come to a legal agreement about what will happen with asset division if there is a divorce. Both of you have a right to keep the assets you have with you before you to got into a relationship. What you buy together after as a couple such as a home, a car could always end up as one of the assets which will be divided among the two equally as both contributed to it.
During Your Relationship with Your Partner
Sometimes you can get married without entering into any such agreement. However, then you should realize if there is a divorce all the assets both of you have are going to be divided according to the laws of the country. Since there are good attorneys who specialize in this subject area just as there are perfect conveyancing lawyers you can go to one such attorney and get an agreement made for the two of you even after the marriage. It is something any person does for his or her own protection because there is always the possibility of a divorce.
Having a proper agreement in place about the asset division between you and your life partner in case of a divorce is a good decision to make.