Cohabitation Agreements are becoming more and more common as more people are living together without the benefit of marriage. In the course of their living arrangement, parties open joint accounts, merge funds, purchase residences and other property together and often operate the same way a married couple would. However, they are not governed by the same rules as married persons and often find themselves in a financial dilemma when the relationship ends.
Cohabitation agreements are an excellent way to spell out all of the financial obligations of each party and to ensure that if a parting of the ways takes place, each person will be treated fairly.
