A pre living together agreement, also known as a cohabitation agreement, is a legal document that outlines the terms and conditions of a couple`s living arrangement. It is similar to a prenuptial agreement, but for unmarried couples.
A pre living together agreement can be a valuable tool for protecting both parties` interests in the event of a separation or breakup. It can establish guidelines for how expenses will be shared, how property will be divided, and how assets will be handled in the event of a dissolution of the relationship.
Having a pre living together agreement in place can also help avoid misunderstandings and disputes down the road. By clearly defining expectations and responsibilities upfront, both parties can have a better understanding of what is expected of them and what they can expect from each other.
When drafting a pre living together agreement, it is important to work with a qualified attorney who is experienced in family law. The agreement should be tailored to the specific needs and circumstances of the couple, and should be reviewed and updated periodically to ensure that it remains current and relevant.
Some of the key elements that may be included in a pre living together agreement include:
– Living arrangements: This may include details such as who will be responsible for paying rent or mortgage payments, how household expenses will be shared, and how household chores will be divided.
– Property division: This section may outline how property acquired during the relationship will be divided in the event of a separation or breakup.
– Financial matters: This may include details such as how bank accounts will be handled, how debts will be paid, and how taxes will be filed.
– Children and parenting: If the couple has or plans to have children, this section may outline how custody and visitation will be handled, how child support will be paid, and how other parenting decisions will be made.
Ultimately, a pre living together agreement can provide peace of mind for both parties and help ensure a smoother transition in the event of a separation or breakup. It can also be a useful tool for establishing clear expectations and boundaries within the relationship. If you are considering living together with your partner, it may be worth discussing the benefits of a pre living together agreement with an attorney experienced in family law.