Wausau Wills and Trusts Attorneys
Living with a partner without being married has never been more popular. The 2000 census recorded more than 5.4 million couples who lived together but were not married. While you may share your life, your home and your love with your partner, the law may view you as strangers unless you take action by entering into a legal contract.
At Schmidt & Schmidt, S.C., we know that while Wisconsin does not recognize common-law marriages or same-sex partners it does recognize domestic partners as well as the right to live together and the right to contract. If you live with a partner (of either sex) and want to have the same rights and obligations as a married couple with regard to property and other legal rights, our Wausau wills and trusts lawyer can help.
Contact our Marathon County law firm online or call 715-845-9621 today to schedule a consultation with one of our estate planning attorneys.
Family Law and Estate Planning by Contract
Unlike marriage, the law is not particularly clear with regard to cohabitation of boyfriend/girlfriend. Property rights, pensions and inheritance are all well-settled matters of family and probate law when a married couple is involved. But when the partners are cohabitants rather than spouses, however, the waters get muddied.
- Cohabitation agreements: These agreements can cover property distribution in the event of a breakup, much like marital property agreements do for couples who are contemplating marriage or are already married. It is important that the agreement is fair and that both parties fully disclose their financial information.
- Power of attorney: This type of agreement can give your partner the power to manage your finances should you become incapacitated. Remember, if you do not have a contract like this, the law will view your partner as a stranger and he or she will not be granted this authority.
- Wills and trusts: Creating a will or trust that names your partner as a beneficiary will allow him or her to receive some or all of your property, as you direct, during your life or if you are deceased, as the case may be. Without a legally executed will, your partner could be left with nothing and even lose property he or she contributed to during your lifetime.
Contact Our Stevens Point Cohabitation Agreements Lawyer
At Schmidt & Schmidt, S.C., our lawyers will assist you with these creative contracts and other agreements to ensure that you can have the same legal benefits as married couples when it comes to estate planning and family law. If you have questions about cohabitation agreements or other creative solutions to the problems of being an unmarried couple, we can help.
Contact our experienced estate planning attorneys online or call 715-845-9621 today to schedule a consultation. Weekend and evening times are available by appointment. We can also meet with you in your home, in a health care facility or in another setting, if necessary. Major credit cards are accepted.