Mankato Cohabitation Agreement Attorney
More individuals in Minnesota are making the decision to forego marriage, yet they wish to live together as if they are married. One of the reasons why couples do this is because they do not want to deal with a messy divorce if they would split up. This allows them to avoid a number of issues, including the legal problems that can come with a divorce. With a cohabitation agreement, they can protect their assets if the relationship goes sour. The agreement provides the couple with the security that they need in case their assets need to be divided.
If you need to have a cohabitation agreement drawn up, your Southern Minnesota cohabitation agreement attorney will take care of that for you. A cohabitation agreement shouldn’t be perceived as something negative since it provides you with stability and even suggests that the couple is dedicated to the relationship. When you consult with us, you will develop an understanding of what would happen if the two of you would break up.
Considering A Cohabitation Agreement
Cohabitation agreements are not reserved for the rich and you don’t have to have a significant amount of assets. Here are some cases when you and your partner should consider a cohabitation agreement:
- If you are already living together or you have plans to live together
- If you will be making a property purchase together
- If you currently or plan on having children together
- If you want to protect the financial futures of the children you already have
- If you have assets you want to protect
Couples that do wish to get married will have a cohabitation agreement drawn up so they can protect the rights of their children and grandchildren when it comes to assets. There are other individuals who have been married before and do not wish to marry again to avoid the same possible process.
Same Sex Cohabitation Agreements
Same sex couples tend to have some kind of written agreement between them and a cohabitation agreement is most likely that document. Having the agreement written up by a Mankato cohabitation agreement lawyer can put a stop to issues before they even start. It is important to note, however, that each party has to consult with a different attorney for the agreement to be legal. Property division will be outlined in the agreement, but the court will arrange child custody and child support, so it is not a part of the agreement.
Contact A Southern Minnesota Cohabitation Agreement Lawyer
A cohabitation agreement is a legal document between unmarried couples that live together. Such a document can protect their rights as a couple, but can also protect assets and provide other securities if the couple would break up. Due to more unmarried couples living together, especially same sex couples that are not legally allowed to marry in Minnesota, these agreements are becoming increasingly important. To learn more, call Birkholz Law, LLC at the Mankato office at 507-387-2100, the Westbrook office at 507-274-6501, or the St. James office at 507-375-3374 for a free consultation.