More and more people choose to spend their lives with their partners without getting married. If this is the case for you, you might want to consider a cohabitation agreement. These agreements allow partners in a common law relationship to define how property, debts, and other issues will be handled in the event of a separation.
It offers clear guidelines on financial matters, property distribution, and potential responsibilities, ensuring both parties understand their rights and obligations. However, it’s important to note that this type of agreement isn’t just about anticipating problems. Rather, it’s about setting clear expectations, fostering communication, and ensuring both parties are on the same page.
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