A New Mexico Cohabitation Agreement for Seniors is a legally binding document that allows unmarried couples, typically older adults, to establish rights, responsibilities, and expectations when living together. This agreement applies to seniors who choose to cohabit without getting married, whether they are in a romantic relationship or not. It provides clarity on various aspects of cohabitation, including financial matters, property ownership, healthcare decisions, and inheritance rights. Here are some relevant keywords to describe the New Mexico Cohabitation Agreement for Seniors: 1. Cohabitation: Refers to the act of living together as a couple or sharing a residence without being married. 2. Seniors: Older adults who are typically retired and aged 60 and above. 3. Agreement: A legal contract that governs the rights and obligations of the parties involved. 4. Unmarried: Couples who are not legally married or in a civil partnership. 5. Rights: Entitlements or privileges granted by law to individuals. 6. Responsibilities: Duties or obligations that individuals accept when living together. 7. Expectations: Assumptions or conditions regarding roles and behaviors within the cohabitation. 8. Financial Matters: Pertains to the management and division of financial resources between the cohabitation seniors. 9. Property Ownership: Outlines how property acquired before and during cohabitation will be owned, shared, or divided. 10. Healthcare Decisions: Addresses how healthcare decisions will be made and by whom in case of incapacity or medical emergencies. 11. Inheritance Rights: Deals with the distribution of assets and inheritance rights in the event of death. 12. Estate Planning: Includes provisions related to wills, trusts, and powers of attorney to ensure the protection of both parties' interests. 13. Dissolution of Agreement: Specifies the process for terminating the agreement if the seniors decide to separate. In New Mexico, there are no specific types of Cohabitation Agreements for seniors. However, variations may exist based on individual circumstances, preferences, and legal advice sought by the parties involved. It is recommended that seniors consult a lawyer to draft a customized Cohabitation Agreement that adheres to their specific needs and complies with New Mexico state laws.