A Wisconsin Cohabitation Agreement for Married Couples is a legal document that outlines the rights, responsibilities, and expectations of couples who choose to live together without getting married. It is especially important for couples in Wisconsin, as the state does not recognize common-law marriages. This agreement serves various purposes, such as protecting each partner's assets, determining financial responsibilities, addressing property division, and outlining the distribution of debts in case the relationship ends. It can also establish arrangements for child custody and support in case the couple has children. Here are some key points that may be included in a Wisconsin Cohabitation Agreement for Married Couples: 1. Property and Assets: The agreement can specify the ownership and division of property acquired during the relationship. It may detail how assets will be divided if the couple separates or if one partner passes away. 2. Financial Obligations: The agreement can outline each partner's financial responsibilities, such as household expenses, mortgage or rent payments, and the division of joint bank accounts. 3. Debt Allocation: It can address the distribution of debts accumulated during the relationship, such as credit card debts or loans. 4. Child Custody and Support: If the couple has children or plans to have children, the agreement may include provisions for child custody, visitation rights, and child support obligations. 5. Healthcare Decision-making: The agreement can provide guidance on healthcare decisions if one partner becomes incapacitated, including who has the authority to make medical choices. 6. Death and Estate Planning: In the case of a partner's death, the agreement can address funeral arrangements, inheritance rights, and the distribution of assets. It is important to note that there are currently no specific types of Wisconsin Cohabitation Agreements exclusively tailored for married couples. However, couples are encouraged to consult with an attorney to draft a customized agreement that suits their unique circumstances and needs. Overall, a Wisconsin Cohabitation Agreement for Married Couples helps provide clarity and protection to individuals who choose to live together without getting married. By outlining the various aspects of their relationship, it offers valuable legal safeguards and helps ensure a fair and amicable resolution in the event of separation or the passing of a partner.