When you decide to live with someone else, you might not be married, but you are subject to many of the good things and bad conflicts facing married couples. Some of the issues that can cause disputes, are sharing expenses, assets and the question of what happens in one of you should die or if you break up. Money disputes can destroy a marriage, and the same holds true for cohabiting couples. Assembling a Cohabitation Agreement helps talk about these issues. When negotiating, your concerns are heard, and you are free to arrive at an agreement reflecting your values, morals, and beliefs. Your reasoned Cohabitation Agreement can reflect your true wishes, rather than the cookie-cutter system the state imposes on those who don’t bother.
If your partner owns the house, are you tossed out at their death? Who will contribute to joint expenses, and in what amounts? If you become sick, do you want your partner to make medical decisions for you and be allowed to see you at the hospital? Without documenting your agreements and feelings about these issues, you are stuck with state laws, which give a partner little or no rights.
Investing in a reasoned, agreement as to how assets will be divided if you split up or and what rights exist should one person die helps avoid devastating conflict and expensive litigation. A little money spent now can save huge expenses later on. Further, investing in a Cohabitation Agreement allows a couple to talk about finances and make sure both people enter the relationship with a complete understanding of the other person’s financial expectations. A small amount of negotiation between a couple early can avoid heated disputes later.
We are flexible. We have a Cohabitation Agreement Lawyer who can help you with one or two issues, or we can take on the entire process. Implementing a Cohabitation Agreement’s terms might require signing Wills, creating Trusts or altering beneficiary designations. Unlike other firms, we have a whole department of Estate Planning and Asset Protection Attorneys. Very few practices can provide you that depth of experience.
We have an experienced Cohabitation Agreement Lawyer ready to help you with any task, but people most often have us help with the following:
If you have any questions about Cohabitation Agreements or any other estate planning topics, feel free to contact us to schedule a free consultation. For more than two decades Klenk Law has focused only on Estate Law. We’ve seen it all, and this experience allows us to explain complex estate planning techniques clearly and concisely. We make it easy for you to understand Cohabitation Agreements and Asset Protection so you can make the best decisions for yourself and your family.