Divorce Lawyer Bergen County | The Value of A Cohabitation Agreement

Kim and Bae Divorce Lawyer Bergen County

When two individuals decide to live together, they believe a lot of risk, even if they do not identify it. Many individuals think that because they live together they are working with less risk. This couldn’t be further from the truth. While people that are married have built-in protections, those that live together don’t. If they decide to separated from one another, there are no legal rules in place regarding who gets what. They are essentially at the mercy and hopefully the kindness of the other person in the relationships. Sometimes neither exists, especially when the breakup is a bad one. A cohabitation agreement can help greatly in this regard.

A cohabitation agreement

A cohabitation agreement is basically a contract. It details, which individual will get what if the connection comes to an end. It will likely cover the division of assets purchased together. Depending on if the couple wants it to, it could also include how the household expenses are to be divvied up. Each of these factors can be very beneficial. One of the biggest things that couples fight about (whether married or not), when living together is money. When it isn’t sorted out, issues can occur and they often do. When two people are proactive in figuring this out, they can focus on the relationship. If things don’t end up working out, the break up can go so much smoother.

Set up an agreement

It is very easy to set up an agreement of this type. It merely involves contacting divorce lawyer Bergen County who specializes in this area. They will be able to sit down with an individual, find out what the person wants and then draw up a contract to ensure that they get it. Both people in the relationship will need to have representation. If everyone feels comfortable, they can hammer everything out, together, in the same room. Depending on the relationship and what each person wants, it may be easier to do it this way.

Why make an agreement

Living together isn’t necessarily easy even though some people assume that it will be. This assumption is often made because there is the perception that those who only live together have no legal ties and thus, if the couple decides to split, they can so without much hassle. This is not true. In addition to having normal relationship problems,individuals who cohabitate will possibly have further issues upon splitting up, especially as it concerns the division of assets. It would become necessary to determine a reasonable division of assets which can be challenging once individuals start having issues or after they break-up. A cohabitation agreement can make things much easier.

Divorce Lawyer Bergen County

Divorce is a very difficult time. The best divorce lawyer Bergen County will provide counsel and protect your rights and give you guidance. Kim and Bae divorce lawyer Bergen County can be of assistance in many of the issues that your loved ones could encounter through the years. Call us for more information.