Why Cohabitation Lawyers Can Protect Your Interests
Cohabitation lawyers will be an important part of the process if you and your partner decide to enter into a cohabitation agreement
. It generally isnt wise to move in together without taking certain precautions, namely without providing yourself with adequate protection in case the relationship doesnt last. It can be difficult to imagine being without the other person, especially when you first decide to move into together. However, things happen and people who live together break up all of the time.
Things often turn nasty when it becomes necessary to divvy up assets purchased together after a couple has decided to split. Who determines which person gets the stove, refrigerator, washer and dryer purchased together after the split? Who gets full custody of the kids? All of these questions and others will need to be answered. However, they can be difficult to sort through in the midst of a break-up that may or may not be painful and/or mean spirited. After things have gone sour, its tougher to make decisions that are best and fair for everyone involved. At this point, one or both parties are probably looking to stick it to the other or get revenge.
One way to ensure that hurt feelings and anger dont rule the day is to work with cohabitation lawyers to come up with a cohabitation agreement upon deciding to live together. This is a binding contract that will stipulate which party gets what if they decide to split. It can also be written up to create parameters for the couple while they are still living together. For instance, which person will pay for what bills and which portion of each persons income will be used for household expenses. These things might seem unnecessary at first, especially when things are going well. However, many people when looking back wish they would have hammered out all of these uncomfortable details prior to moving in together instead of fighting it out after the fact.
If a couple who is living together failed to have a cohabitation agreement drawn up before moving in, its not too late to have one created after the fact, as long as both parties agree to it. After having lived together, they will probably have a better idea of what types of assets they want protected or divvied up. They might also have a stronger sense of how much they each want to financially contribute to their shared home or space.
by: Shawn Lindsey
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