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Prenuptial Agreement Attorney in Arvada | Cohabitation Agreement – The New Prenup?

On Behalf of | Dec 19, 2019 | Family Law |

Read more about cohabitation agreements and how they can help protect you.

When people hear the term ‘prenup’ in Arvada and Jefferson County, they often think about a document that comes into play just before a couple gets married. However, you don’t necessarily have to have a marriage plan in order to enter into a prenuptial agreement. Couples who are living together, with no plans to marry, can have an agreement that protects each of them. It’s called a cohabitation agreement. Let’s learn more about these types of documents and how it could work for you.

Attorney for Cohabitation Agreement in Wheat Ridge: What is a Cohabitation Agreement?

A cohabitation agreement is a contract that protects two people living together. Both parties can outline how certain issues are handled, such as:

  • Assets and debts each person has individually
  • Joint assets and debts
  • How property will be divided if the relationship doesn’t work
  • How finances will be handled if the relationship doesn’t work
  • Child custody
  • Child support

While there is not a specific protocol for cohabitation agreements in the court system, when done through an experienced family law attorney, it will be treated like a legally binding contract.

Why You Should Consider a Cohabitation Agreement

Living together without the plan to get married is becoming more and more common. As we know, after a certain amount of time, two people cohabitating may be considered in a common law marriage, which can complicate a break-up. If you have a cohabitation agreement in place, you won’t have to worry about being vulnerable should the relationship end on not great terms. When a couple is living together, it’s commonplace that the couple would acquire joint property like furniture, a home, electronics, etc. A cohabitation agreement can make sure that these items are treated like marital property would be treated and divided fairly. It’s especially important for unmarried parents living together. A cohabitation agreement will protect your child from dealing with issues down the road.

If you are living with a significant other and considering a cohabitation agreement, contact the best family law attorneys from the Pearman Law Firm at 720-259-9528 for your free initial phone consultation.

Photo by Scott Webb on Unsplash