Today, a lot of same-sex couples are getting into long-term commitments. Such couples would do well to enter into a domestic partnership agreement to strengthen their relationship and bring about some clarity about the responsibilities of each partner. In many states, the rights of same sex couples are governed by contract law.
Entering into a partnership is also advantageous in that your partner would be entitled to a share in all your investments be it life insurance, disability claims, health benefits, or even pension funds.
A domestic-partnership agreement encompasses the following:
Signing a domestic partnership agreement in California is extremely beneficial for same sex couples who can now entitled to the same rights and privileges as straight couples. It only allows registered partners to purchase community property conveniently, but also makes them accountable to the social and financial needs of their partners.
Before signing the agreement, do be mindful of the following considerations:
You may want to consult a legal expert who specializes in California same sex laws to help you prepare the contract.