Anoka County Family Law Lawyer & Attorney
Some couples do not wish to get married, but they do live together as if they are. They share a home, they share belongings, and they even share their income.
Many couples choose cohabitation over marriage because they do not want to deal with divorce if they decide to split up. In some cases, the couples simply don’t believe in marriage because they may have been married before and it didn’t go well.
If the couple signs a cohabitation agreement, they can protect their assets if the relationship does not go as intended. This is an agreement that provides the couple with security in case the assets that they acquired together need to be divided. If you and your partner decide that a cohabitation agreement would greatly benefit you, it is best to work with an Anoka family law lawyer who can put together a solid agreement for you, giving you the peace of mind that you deserve.
Sound Advice & Guidance
If you are wondering whether or not you and your partner need a cohabitation agreement, Christian Peterson Attorney At Law can give you the advice you need on the matter. You don’t have to be rich to have a cohabitation agreement and you don’t have to have a lot of assets. A cohabitation agreement should be considered when any of the following exist:
- You will be purchasing property together
- You are already living together or intent on living together
- You currently or you plan on having children together
- You have assets you want to protect
- You want to protect the financial futures of the children you already have
A cohabitation agreement can help individuals make plans for their children and even their grandchildren when it comes to assets, protecting those assets in case the relationship does not last.
Same-Sex Cohabitation Agreements vs. Marriage
Now that same-sex marriage is legal in Minnesota, it is expected that there will be fewer cohabitation agreements. However, there are and there will be couples that will choose the cohabitation agreement over marriage if they do not ever want to get married or if they are not decided on whether or not marriage is in their future. Having a written agreement between them will ensure that assets, money, and even child custody and child support matters are outlined.
If a couple decides to get married, then a prenuptial agreement may be appropriate to protect assets and income. It should be noted that for cohabitation agreements and prenuptial agreements, both parties should consult with their own attorney for the agreement to be legal.