Do you plan on moving in with your loved one without getting married? If yes, you should prepare a cohabitation agreement in advance. This document deals with matters like the ownership of assets, financial responsibilities, debt distribution, living arrangements, and more. It contains provisions the couple should follow while they are together and after they separate (if they do).
Always remember to create this document before you complete two years of living together with your partner without marriage. After two years, your relationship will be subject to the regulations and laws applicable to a legally married couple in British Columbia.
Cube Law helps you prepare a precise and detailed cohabitation agreement in Surrey, BC. Our lawyers also offer their services in different regions of British Columbia, remotely and in person. Depending on your circumstances and preferences, we will mention all the necessary clauses in the document, including debt payments, bill payments, asset ownership, child custody (if any), and more. Our lawyers will also let the agreement give you clarity in the event of your separation.
The best time to prepare a cohabitation agreement in BC is before you move in with your partner without getting married. You should definitely have this document ready before completing two years of cohabitation in British Columbia.
A cohabitation agreement gives you a framework regarding living arrangements, asset ownership, household expenses, and other important matters while living with a partner without marrying them. The document will help you manage your wealth and relationship in the event of your separation, too. You can also add clauses that deal with any partner’s demise or health deterioration in the future.
You can continue with the same document after your marriage. If you and your partner agree, you can make the necessary changes with your lawyer’s help. If your existing agreement has covered all major aspects of your relationship and living together, you should continue with your cohabitation agreement.
Yes, it is a legally binding document. The court can intervene in the case of disputes and pass a judgment accordingly. So, make sure you take every clause in the document seriously, right from ownership of the property to wealth division before and after separation.
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