Protect Legal South Carolina Cohabitation Forms For Free

What is an example of cohabitation? Marriage with both married people living together is cohabitation. Two people who are not married living in a similar arrangement as that of a married couple is also cohabitation.

More commonly, cohabitation agreements are used by couples to acknowledge the ownership details of the property and the respective financial or maintenance responsibilities of each partner. They are particularly important for unmarried couples who have children.

Unmarried people living together have no rights to the other person's property unless they have entered into a cohabitation agreement, which can be either written or implied. The built-in protections that a spouse has as a married person do not exist when two people live together.

What to include in a cohabitation agreement: Individual assets which belong to each party ? savings, investments etc. Shared assets and debts ? joint property and/or mortgages & loans. The intention of how assets and debts should be divided if the cohabiting relationship ends.

FAQ Fill out the names and contact information of both parties. ... Describe the relationship between the two parties, including how long you have been living together. Provide any additional details about your living arrangement that support your claim of cohabitation.

The agreement states what happens to the parties' property and finances should they end their relationship. As a result, the cohabitation agreement will protect the interests of both parties and avoid any potential legal conflict that could arise from a breakup.