Benefits and Risks
Covenant Marriage
Liability: generally speaking, in a non-government issued covenant marriage, each member of the marriage may not liable for each others liabilities. This varies state by state by state. If you are concerned about taking on your your spouse-to-be’s liabilities, please take a look at Yokeasy’s asset protection products such as a trust or LLC.
Loss mitigation: In most circumstances, when in a covenant marriage, the risk of potential loss of assets are mitigated. The most influential factor of loss mitigation is the way that most covenant marriages are legally structured. Most couples who enter into covenant marriage are generally more educated than those who enter into adhesion marriage.
Divorce: Those who enter into covenant marriage (through Yokeasy) are not subject to divorce litigation due to the terms included in the Yokeasy marriage covenant. Since both parties of the Yokeasy covenant agree to Yokeasy’s Divorce Easy process, divorce litigation is avoided. However, civil action can be taken between parties for other aspects such as assets and children.
Personal history: Some of us have a history that can have a negative impact on our future. With Yokeasy’s covenant marriage, creditors do not attach the spouse. However, if you and your spouse “attach” to each other contractually, this circumstance co
Personal History
In most cases Covenant Marriage protects both members of the marriage from each others past issues. When structured properly, assets of each party can be protected from predators
Structure
A well structured Covenant Marriage can provide assurances that reduce the losses that contractual marriage are typically open to.
Risks
Government benefits
The United States Government does not offer members of a Covenant Marriage the same benefits as those in government endorsed contractual marriage. As a result, some government benefits that are typically reserved for “married” couples may be withheld for those in Covenant Marriage.
Social discord
American culture has adapted to the idea that contractual marriage is “legal marriage” and Covenant Marriage is not legal. Due to this, those who choose Covenant Marriage may sometimes experience friends and family questioning whether or not someone married through Covenant Marriage is actually married.
Tax Filings
In most cases tax law does not recognize Covenant Marriage as actual marriage. As a result, in many cases couples who enter into Covenant Marriage file income taxes separately.
Official recognition
In most cases, the United States Government will not recognize Covenant Marriage as a marriage under contract.
Medical
When couples married through Covenant Marriage interact with health professionals, they are sometimes questioned on whether or not they are “legally married”. As a result, Yokeasy provides you with Power of Attorney documents so that you and your spouse can make medical decisions for each other.
Banking
In some circumstances when banking, some banks do not recognize Covenant Marriage as marriage. As a result, in some cases a Power of Attorney may be needed for some banking processes.