Cohabitation Agreement NH: Protecting Your Rights and Assets

Cohabitation, or living together unmarried, is becoming more common these days. Whether you`re living with a significant other, a roommate, or a friend, it`s important to protect your rights and assets. One way to do this is by getting a cohabitation agreement.

A cohabitation agreement is a legal document that outlines the rights and obligations of the parties during their cohabitation. It can cover a range of issues, including property ownership, financial obligations, and even custody arrangements if there are children involved. In the state of New Hampshire, cohabitation agreements are recognized as enforceable contracts.

Why You Need a Cohabitation Agreement

Without a cohabitation agreement, you could be left vulnerable to disputes and legal battles in the event of a breakup or other unforeseen circumstances. For example, if you and your partner own property together, a cohabitation agreement can clarify each person`s ownership rights and responsibilities. This can help prevent disputes over who gets what in a breakup or if one of you passes away.

In addition, a cohabitation agreement can protect your financial interests. It can establish what expenses each person will be responsible for, how expenses will be divided, and how joint income or assets will be shared. This can be especially important if one partner brings significantly more assets or income to the relationship.

Creating a Cohabitation Agreement

To create a cohabitation agreement, you should consult with a lawyer who specializes in family law. The agreement should be tailored to your specific situation and needs. You and your partner will need to fully disclose all assets and liabilities, and you should both have separate legal representation to ensure that the agreement is fair.

It`s important to note that a cohabitation agreement is not a substitute for a will or estate plan. If you want to leave assets to your partner upon your death, you`ll need to create a will or other estate planning documents.

Final Thoughts

A cohabitation agreement can provide peace of mind and protection for you and your partner. It can help prevent disputes and legal battles down the road, and it can ensure that each person`s rights and interests are protected. If you`re living with someone unmarried, consider getting a cohabitation agreement to protect yourself and your assets.