Many couples of all ages and backgrounds live together without rushing into marriage. In fact, many couples live together with zero intention of ever marrying. Cohabitation provides companionship, partnership, love, oftentimes a double income and many other benefits. Lunt, Smith & Associates, LLP, advises people who live with their partners. Whether you intend to get married eventually or whether marriage is not a choice that interests you as a couple, establishing a cohabitation agreement may be advisable.
What You Need To Know About Cohabitation
When couples live together for long periods of time, they tend to mix their possessions with one another, buy furniture, pets and cars together, and even open joint bank accounts. Couples can split up for many different reasons — perhaps they grow apart, discover they are incompatible or fall out of love. In the event of a breakup, disassembling the life they shared can be akin to getting a divorce. How are the shared possessions, investments and property divided?
Unlike marriage, there are no legal protections for a cohabitating couple in this kind of scenario. Without any kind of prior written agreement, deciding who gets possession of what, and how money is divided will likely turn into a lengthy and ugly problem for everyone.
Thankfully, our lawyers have extensive experience in family matters, and can help you establish the best interests of you and your partner. We can help you draft a cohabitation agreement, which will allow you both to put in writing exactly how you want to divide your estate, if the time should ever come.
Put Your Wishes In Words Today
If you are in the Fort Collins area, our attorneys are ready to help you live with peace of mind. Contact our Colorado lawyers by calling us at 970-286-0577. Call and set up your initial consultation, and make use of our extensive experience today.