If you live with your partner and you aren’t married, you might want to consider drawing up a Cohabitation Agreement together to ensure that your rights and finances are protected in the event you split up.
What is a Cohabitation Agreement?
Also known as a Living Together Agreement, a Cohabitation Agreement is a document that sets out what will happen to assets, finances and family if you and your partner should separate. It can cover everything from property rights and shared assets to custody of pets and care of children. It is designed to protect both people from unnecessary cost and legal issues, as well as unpleasant disagreements following a breakup.
Are Cohabitation Agreements Legally binding?
Cohabitation Agreements are legally binding contracts, provided that they are drafted and executed properly, and are signed as a deed.
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