At any time a de facto couple may wish to list all of the their assets &/or define how they intend to acquire assets together going forward. The purpose of this is for both of you to list any assets you bring to the relationship & how you intend to deal with each asset in the event of separation. By listing your assets & having the discussion it forces both of you to discuss sensitive topics & negotiate the best approach for both of you.
Assets includes things you own and liabilities, which are things you owe money on. These can be owned individually by you or your partner, jointly (with another person or persons), or by a family trust or family company. This article explores asset protection within a relationship.