Civil Union Raises Points About Finances Of Both Partners

Wedding_rings

 

An opinion piece printed in the Denver Post about civil union raises some good points about the legal issues related to both marriage and civil union that people sometimes neglect to consider. The piece, which came shortly after civil unions became legal for same sex couples, discusses the legal aspects of civil union that affect the finances of both partners in the union should the relationship fail. For example, if one partner brings a home into the union, the other partner is entitled to the part, usually half, of the appreciation in the value of the home. If the partner who owns the home adds his or her partner’s name to the title, then the home becomes equally the property of the union. This means that in the event of a divorce, each partner will likely be entitled to half the value of the home.

Are you considering divorce in Colorado? Speak with an experienced Littleton divorce attorney today to discuss your options.

Colorado has joined the growing list of states that offer same sex couple a way to have their commitment legally recognized. Not surprisingly, a very large number of couple took advantage of that, joining together in civil unions in the first days that the law was in effect. It is important to recognize that when entering either a marriage or a civil union, you are entering into a legal contract. As such, it is wise to ensure that you fully understand the ramifications of entering into that contract. Obviously, there are no statistics on the divorce for same-sex couples, but a very high percentage of marriages end in divorce. It is reasonable to expect that some same sex civil unions will end in divorce as well. Additionally, an experienced Dripping Springs estate planning attorney can help you understand how this major life change will affect your future planning.

Speak with an experienced Centennial family law attorney today to discuss your options if you are considering . There are a great many factors that you need to consider and understand. It is vital to recognize that because a civil union is very similar to a marriage, ending a civil union is very similar to ending a marriage. It is also vital to go into the civil union with as much information as possible. An experienced Denver family lawyer can make sure that you understand the legal aspects of what you are getting into. For more information, speak with an experienced Colorado family law firm today.


Both comments and pings are currently closed.

Comments are closed.