Information About Cohabitation Agreements
Cohabitation is not the same as a marriage or civil union and, therefore, if the relationship comes to an end, each partner will not have the same protection under New York State law. That’s why it is important to hire a Rochester divorce lawyer that specializes in handling domestic partnerships if you are in this type of relationship. Here is some important information about cohabitation agreements that you may find helpful.
Information About Cohabitation Agreements | What Is It?
A cohabitation agreement isn’t a substitute for a prenuptial agreement, a same-sex marriage or any other domestic arrangement. Instead, it’s a way to protect the people involved from loss, if for whatever reason, they go their separate ways after a sustained period of common finances or property ownership. You don’t need to be a straight or gay couple in an intimate relationship to benefit from a cohabitation agreement. Adult siblings, business partners, close friends, or anyone else who finds it convenient to live with someone else outside of marriage can find protection in a negotiated agreement that defines each party’s rights to property that might otherwise come into dispute when someone decides to move on.
Information About Cohabitation Agreements | How a Lawyer Can Help
If you’re involved with someone to the extent that you own property together, pay bills together, have children together, operate a business together or any combination thereof, you might consider legal advice from a skilled Rochester Divorce Lawyer about what to do if the relationship comes to an end. Proper documentation of who owns what in the form of an enforceable cohabitation agreement can give you a measure of financial security while avoiding what could turn out to be a lengthy, confusing and costly court battle.
If you are facing legal matters with a cohabitation agreement, contact Rochester Divorce Lawyer Michael D. Schmitt to learn more about domestic partnerships. He offers free initial consultations and will be happy to answer any questions you may have.
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