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.
Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.
I'm totally satisfied with Klenk Law. Peter has a great legal mind with the personality of the guy next door.
Peter is a model attorney who puts his clients first at all costs. His extensive expertise in estate planning and tax planning was a great comfort as we began, and have expanded, our family. He is very thoughtful, generous, and quick witted. His approach towards his business has been an inspiration to his peer group, and his zest for life is extremely infectious. Without reservation, I highly recommend Peter as trusted and cherished counsel
Integrity, exceeding the client's expectations. In-depth knowledge of the law
Peter came highly recommended by a close friend to do our estate planning. We have been putting off for years. He is knowledgeable, professional and easy to work with.