What is a Cohabitation Agreement in Florida?
A significant number of American adults who are in relationships live with their partner without getting married. The Pew Research Center reports that two-thirds of adults under 45 have lived with a long-term partner. It is an arrangement that can work for people for many years, even permanently. A cohabitation agreement can make sure that your interests are protected. In this article, our Clearwater family law attorney provides a brief guide to cohabitation agreements in Florida.
A Cohabitation Agreement is Between Unmarried Partners
Broadly explained, a cohabitation agreement is a private contract created between two people who live together but are not married. It sets out their rights and responsibilities regarding property, finances, and other important matters. By putting clear terms in writing, unmarried partners can protect themselves and their interests if the relationship ends.
Three Reasons You Can Benefit from a Well-Drafted Cohabitation Agreement
A cohabitation agreement is not required by law in Florida. You and your unmarried partner are not required to have any paperwork in place. Further, you can split at any time and for any reason. There is no formal legal process to worry about. However, that lack of formal structure can cause some serious challenges. Here are three reasons why so many long-term couples who are not married in Florida can benefit from a cohabitation agreement:
- It Provides Clarity: A cohabitation agreement can clearly define how property, debts, and expenses will be handled during the relationship. Without this clarity, partners may face confusion about how exactly property/finances will be handled if the relationship ends.
- It Creates Rights: Unlike married couples, unmarried partners do not automatically have legal rights to each other’s property or support. A cohabitation agreement can create enforceable rights by spelling out ownership interests and financial obligations.
- It Limits Conflict: Breakups can become contentious, especially when assets and finances are involved. A cohabitation agreement reduces the risk of costly and stressful disputes by providing a roadmap for resolution. With terms already in place, partners can move forward more easily during an already challenging time.
A Cohabitation Agreement Should Be Drafted By a Lawyer
A cohabitation agreement is an important legal document. It should always be drafted by a qualified Florida family lawyer. An attorney who understands the specific requirements under state law and can help avoid mistakes that would make the agreement unenforceable or otherwise cause problems. Beyond that, a family lawyer can tailor the agreement to the couple’s unique financial and personal circumstances. If you opt for you, make sure it is drafted and reviewed by an attorney.
Call Our Clearwater, FL Family Law Attorney for Help With a Cohabitation Agreement
At the Law Office of Gale H. Moore P.A., our Clearwater family law attorney is committed to helping clients best protect themselves, their assets, and their families. If you have any specific questions or concerns about cohabitation agreements, please do not hesitate to contact us today for a fully confidential, no obligation initial consultation. Our firm provides family law representation in Clearwater, Largo, and throughout all of Pinellas County.
Source:
pewresearch.org/social-trends/2019/11/06/marriage-and-cohabitation-in-the-u-s/
