Upload Data To Legal Michigan Cohabitation Forms For Free

A cohabitation agreement is a legal contract signed by people who want to live together without getting married but still want to codify an understanding of financial, medical or funerary obligations to one another until and after the relationship is dissolved, or if one partner dies.

A Cohabitation Agreement usually includes: Full names of you and your partner. Shared address. Move-in date. Information about both shared and separate assets and debts. Delegation of household expenses. Details of any joint accounts used to pay shared living expenses.

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.

In general, cohabitation agreements are only necessary for long-term and serious relationships. Creating a contract can help you each define your personal rights, needs, and expectations in a relationship.

To create a legally binding cohabitation agreement, you and your spouse must be completely open and honest about your financial situations and you must both sign the agreement in front of a witness. There cannot have been any pressure or threats involved in signing the agreement.

A nonmarital cohabitation agreement details both your rights and those of your partner and protects both of you so long as it's not one-sided. The purpose of the agreement is to ensure that you're both protected financially if the relationship ends, whether by splitting up or by death.