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DPMA™ also clearly specifies the following:

  • Property Ownership – description of how the property was acquired
    • whether a particular piece of real or personal property is owned jointly or belongs solely to one partner.
    • whether a gift or inheritance is held jointly or individually.
  • Division of labor for household duties and chores.

Your DPMA™ assets are shared between you and your partner. Both decide which assets are communal. Should something happen to one of you, only the surviving partner receives the assets. No one else can acquire the property, not even your relatives. In the unlikely event that something happens to both partners, the assets of your DPMA™ will be distributed to pre-designated beneficiaries.

You can designate your partner as the beneficiary for your financial accounts. This arrangement provides long-term protection and adds security to your relationship.

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If DPMA™ does not fit your current situation (and for many it doesn’t), then we suggest you read the Medical and Financial section about the products that every couple can benefit from, such as hospital visitation, medical and financial decision-making rights.

 

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