A cohabitation agreement is a legal agreement between couples who have chosen to live together. It looks like a marital arrangement, but it must allow couples who are not married to share the wealth and property equitably if they decide to separate. Enough about lawyers, you`re probably wondering what happened in a cohabitation. As in the case of a pre-marriage agreement, a cohabitation agreement identifies the assets (bank accounts, real estate, vehicles) and debts (mortgages, auto loans, credit cards) of the parties and how this property is titled. The most important thing is that it will define how ownership and debt are shared when the relationship ends. It can also extend to how you share household items and home furnishings. Perhaps more importantly (at least for this animal friend), he can turn to the care of the family`s pets. A non-marital agreement should deal with matters similar to the following: For same-sex married couples, a cohabitation contract can be a rewarding document that they can conceive if you have been legally married in another state and you are moving to Pennsylvania. Pennsylvania should not recognize a pre-marital agreement that uses marriage as a condition of the agreement, nor should the Pennsylvania courts recognize same-sex marriage in another state; By entering into a cohabitation agreement, a same-sex couple may at least be able to address their property rights in Pennsylvania without having to move to another state, just to find a home and file for divorce. Until same-sex marriages have the same faith and recognition among all states, a cohabitation agreement can deter couples from finding themselves in a situation where they cannot clearly dissociate and dissociate their economic life. As a general rule, unmarried unions do not enjoy the same rights as married persons, particularly with respect to property acquired during a relationship.
Marital law and other marriage laws do not apply to unmarried couples, even in long-term relationships. The characterization of property acquired by unmarried cohabiting is less clear than that of couples whose property is governed by matrimonial and community property laws. Some property acquired by unmarried couples may be in common, but it can be difficult to share this property when the relationship ends. There is no financial support obligation for a couple who live together without a contrary agreement. If you are financially dependent on a romantic partner and the relationship ends, the effects of separation can be much harder. If you would like more information about the communities, please contact our office to agree on a consultation. In addition, a cohabitation agreement will govern the finances of the parties and the level of the cost of living. It can also indicate whether a party could receive financial assistance after the relationship has broken down and how that assistance would be regulated. Pennsylvania`s laws do not describe the impact of a long period of living together on a fair distribution, so it is difficult to speculate on whether cohabitation would be a relevant factor that will be considered. In New Hampshire, the Supreme Court recently ruled that assets accumulated before marriage belonged to both parties and could be divided as part of their executive order on divorce.
In the case of In the Matter of Deborah Munson and Coralee Bell, the New Hampshire Court added the cohabitation period to find that marriage could be considered “long-term” to determine an equitable division of property and a guarantee. The Court held that, in New Hampshire, premarital cohabitation is “a factor that the court may consider in divorce proceedings if it decides to depart from the presumption that an equal division is an equitable distribution of property.” If you have questions about cohabitation, pre-marital agreements or divorce and fair distribution, contact The Mazza Law Group, P.C.