{"id":1043,"date":"2018-10-08T13:36:15","date_gmt":"2018-10-08T20:36:15","guid":{"rendered":"https:\/\/ogbornelaw.com\/?p=1043"},"modified":"2023-07-21T21:26:56","modified_gmt":"2023-07-21T21:26:56","slug":"top-5-reasons-a-cohabitation-agreement-is-essential","status":"publish","type":"post","link":"https:\/\/webtechs-designs.com\/2023Ogborne\/top-5-reasons-a-cohabitation-agreement-is-essential\/","title":{"rendered":"Top 5 reasons a cohabitation agreement is essential"},"content":{"rendered":"<p>Moving in with your significant other is a decision that can have many benefits for your life and relationship. However, there can be financial consequences if the relationship doesn&#8217;t work out. Of course, no one wants to think about the end of a relationship, but considering a <a href=\"https:\/\/ogbornelaw.com\/what-is-a-cohabitation-agreement-and-do-i-need-one\/\" target=\"_blank\" rel=\"noopener noreferrer\">cohabitation agreement<\/a> can pay off should things go south in the future.<\/p>\n<p>Couples who live together, but who are unmarried, don&#8217;t have the same legal protections in place that married couples share. A cohabitation agreement can provide the protection you need so that you don&#8217;t run into financial trouble during a split. Here are the top five reasons why this is so important.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/top-5-reasons-a-cohabitation-agreement-is-essential\/#Secure_Your_Finances\" >Secure Your Finances<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/top-5-reasons-a-cohabitation-agreement-is-essential\/#Protect_Your_Living_Situation\" >Protect Your Living Situation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/top-5-reasons-a-cohabitation-agreement-is-essential\/#Divide_Your_Assets\" >Divide Your Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/top-5-reasons-a-cohabitation-agreement-is-essential\/#Prevent_Ongoing_Conflict\" >Prevent Ongoing Conflict<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/top-5-reasons-a-cohabitation-agreement-is-essential\/#Strengthen_Your_Relationship\" >Strengthen Your Relationship<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Secure_Your_Finances\"><\/span>Secure Your Finances<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When one partner makes significantly more money than the other, it&#8217;s likely you&#8217;ll use the greater income for many of your shared expenses. If one person contributes more to the mortgage, a cohabitation agreement can address ownership interest in the home as well as any reimbursements that may be owed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Protect_Your_Living_Situation\"><\/span>Protect Your Living Situation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you move to your significant other&#8217;s home, you could be left without a place to live after a breakup. With a cohabitation agreement, you can stipulate that you\u00a0can stay for a reasonable amount of time while you look for a new place. The property owner or named renter can create rules to prevent the other person from staying for too long after the split.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Divide_Your_Assets\"><\/span>Divide Your Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>During your relationship, the two of you may purchase things like furniture, household items, and even big-ticket items like vehicles or a home. If you break up, deciding how to divide up these items can lead to conflict. Arizona is not a common law state, meaning that unmarried couples have no community property rights after a split. A cohabitation agreement can outline how the two of you will divide everything you accumulate during your relationship.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Prevent_Ongoing_Conflict\"><\/span>Prevent Ongoing Conflict<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A breakup is a difficult time, but making an agreement in advance can help avoid more arguments. Since the document can include your division of property and specify timelines, the major issues are already taken care of for you. The cohabitation agreement can minimize these conflicts so that you can both move on as quickly as possible.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strengthen_Your_Relationship\"><\/span>Strengthen Your Relationship<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Creating a cohabitation agreement can\u00a0<a href=\"https:\/\/ogbornelaw.com\/6-communication-rules-to-save-your-marriage\/\" target=\"_blank\" rel=\"noopener noreferrer\">make your relationship even stronger<\/a>. Going over all of the details can help you and your partner learn more about each other&#8217;s habits and values. Making plans while you&#8217;re both in love can be a way to show how much you care about each other. In the long run, the better you know each other, the more likely you&#8217;ll be to stay together.<\/p>\n<p>There are many more benefits to a cohabitation agreement, but these are some\u00a0of the most important. If you&#8217;re ready to draw up a cohabitation agreement, <a href=\"https:\/\/ogbornelaw.com\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\">contact Ogborne Law<\/a> today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A cohabitation agreement can protect both you and your partner in the event of a breakup. Learn about how this document can strengthen your relationship.<\/p>\n","protected":false},"author":3,"featured_media":11455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-1043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","category-37","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 reasons a cohabitation agreement is essential - Ogborne Law, PLC<\/title>\n<meta name=\"description\" content=\"A cohabitation agreement can protect both you and your partner in the event of a breakup. 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