Minneapolis Cohabitation Agreement Lawyer

Cohabitation agreements are similar to prenuptial agreements but are meant to protect the assets of those who are not married. Many people will choose not to get married for a number of different reasons but will still live together, make purchases together and even start a family together. A cohabitation agreement is a legally binding agreement signed during a relationship that determines how the assets will be distributed in the event that the relationship dissolves.

Why a Cohabitation Agreement

Many couple who decide to sign a cohabitation agreement feels a sense of peace and security about their assets. Furthermore, a cohabitation agreement promotes a sense of openness about the finances and a balance among both parties. And, additionally, it allows for a much easier break-up if that time comes.

Cohabitation Agreement Guidelines

A cohabitation agreement will outline everything that relates to your individual and collaborative assets and debts. It will protect your separate property and assets and will also clarify who gets what in the event of a breakup. The agreement is only valid when both sides have had a chance to consult a lawyer, the agreement is made in writing and there is a statement of the assets of the parties.

In the event of a relationship break up, a cohabitation agreement will not completely clear the air, especially if there are children from the relationship. If this is the case, you may still need to seek legal counsel to discuss child custody, parenting time and child support.  Furthermore, some cohabitation agreements may be found unenforceable if the circumstances have changed significantly or if the agreement is deemed completely unfair.

Couples we Have Assisted

Even if you are not married, your partner may still be able to claim some of your property and assets if the relationship ends. This is why many couples in the following situations will opt for a cohabitation agreement

  • If you are considering purchasing a house together
  • If you are living together
  • If you are concerned about your personal income
  • If you have children from a previous relationship and want to ensure the protection of their finances in the future

Anyone in a domestic partnership is welcome to consider a cohabitation agreement. Many elderly couples who have been widowed or divorced and do not want to re-marry will consider a cohabitation agreement. Same sex couples can also benefit from a cohabitation agreement

Contact Our Cohabitation Agreement Attorneys Today

If you are considering drawing up or signing a cohabitation agreement, if you have any problems with an existing agreement or if you simply want more information about the agreement procedure and details, then it is important you speak to a qualified family law attorney right away. Contact Myles A. Schneider & Associates, Ltd. today at 763-315-1100 or by e-mail to schedule a free consultation.

Twin Cities Divorce Lawyer & Family Law Attorney

Myles A. Schneider & Associates, Ltd. represent clients from throughout the areas of Minneapolis, St.Paul, MN or anywhere in the whole Twin Cities area – Saint Paul, MN Mpls, Anoka, Apple Valley, Andover, Blaine, Bloomington, Brooklyn Center, Brooklyn Park, Burnsville, Champlin, Chanhassen, Columbia Heights, Coon Rapids, Cottage Grove, Crystal, Eagan, Eden Prairie, Edina, Excelsior, Falcon Heights, Farmington,  Forest Lake, Fridley, Golden Valley, Hastings, Hopkins, Inver Grove Heights, Lake Elmo, Lakeville, Lino Lakes, Little Canada, Long Lake, Mahtomedi, Maple Grove, Maplewood, Mendota Heights, Minneapolis, Minnetonka, Mounds View, New Hope, North St. Paul, Oakdale, Plymouth, Prior Lake, Richfield, Robbinsdale, Rogers, Rosemount, Roseville, St. Anthony, St. Louis Park, Savage, Shakopee, Shoreview, South St. Paul, Spring Lake Park, Stillwater, Vadnais Heights, West St. Paul, White Bear Lake, and Woodbury, MN – Minnesota.