I recently read a New York Times article addressing the growing trend of multigenerational households and the benefits of a so-called ‘prenup’ for this type of homeownership. The reasons for a contractual arrangement about home ownership for families can range from financial considerations to the added support in raising young children. Here are some of the factors to be considered when thinking about purchasing a home with parents or adult children: Continue Reading
Many people are aware of step-parent adoptions in which a person may legally adopt his or her spouse’s children in order to become a legal parent. However, there is also an option for same-sex couples as well as non-married couples: second parent adoption. The premise remains the same in that it allows the adopting parent to become a legal parent of the child. Due to recent law changes allowing gay and lesbian couples to marry in many states, it is important to consider the importance of second parent adoptions in light of these changes.
I’ve blogged before about different elements of pre-nups and how to approach making one with your significant other. However, the focus of pre-nups is usually about opening up communication channels and building a foundation for a healthy marriage. I recently read an article in the New York Times which focused on “no-nups” – agreements that couples enter into without an upcoming wedding. The no-nup is essentially a cohabitation agreement which is a legal agreement made by two people choosing to live together. As fewer couples look to walk down the aisle, cohabitation is becoming more commonplace. Although a no-nup may be formed for a couple with no intent to marry, the underlying principle remains the same – for each party to know “where they stand” and to be protected no matter what the relationship may bring.