What is the difference between cohabitation, prenuptial, and postnuptial agreements?
All the agreements serve the same purpose which is to detail financial responsibilities and specify how assets and finances will be divided if the relationship ends.
The main difference in the agreements is the timing of their creation.
A Cohabitation Agreement is created for unmarried couples who wish to live together, or are already living together. This agreement helps prevent disputes and provides clarity and control over shared assets and responsibilities.
A Prenuptial Agreement (Prenup) is made before marriage. Prenups can be used to protect pre-marital assets, inherited property, or business interests.
A Postnuptial Agreement (Postnup) is created after marriage. Postnups can address issues that arise during the marriage, which might not have been possible with a prenuptial agreement.