Individuals wishing to live together may feel more secure deciding some of their financial issues in advance. These decisions are the basis of a Cohabitation Agreement.
A Cohabitation Agreement sets out terms of the financial relationship of a couple—regardless of gender—who live together. This helps to mitigate disputes with respect to support or property should they decide to separate. Among other factors, a couple may wish to decide on support payments, division of certain assets, or buy-out terms of jointly held assets such as a home.
A cohabitation agreement is tailored to be as unique as the people for whom it is designed. And should the couple marry, the cohabitation agreement can easily become a Marriage Agreement.