Writing the contract:

The following factors should be considered if a couple decides to draw up a contract with the assistance of a good lawyer: All assets should be itemized and listed as either joint or separate property. All debts should be itemized and listed as either joint or separate responsibilities. Wills should be drawn with specifications for the inheritance of all separately owned property. All bank accounts should be listed as either joint or separate accounts, and it should be determined who is to receive the money should there be a death or divorce.