Cohabitation Agreement in Minnesota: A Guide for Couples Living Together
Cohabitation is becoming increasingly common among couples who choose to live together before getting married. While it may seem like a romantic and cost-effective way to test the waters, cohabitation can also bring legal and financial consequences. That’s where a cohabitation agreement comes in. In this article, we’ll discuss what a cohabitation agreement is, why it’s important for couples living together in Minnesota, and how to create one.
What is a Cohabitation Agreement?
A cohabitation agreement, also known as a “living together agreement,” is a legal document that outlines the rights and responsibilities of couples who live together but are not married. It covers a range of issues, such as property ownership, financial contributions, household duties, and how to handle disputes. Unlike marriage, cohabitation does not provide legal protection for partners, which is why a cohabitation agreement can be a valuable tool for couples to establish boundaries and expectations.
Why is a Cohabitation Agreement Important in Minnesota?
In Minnesota, cohabitation is a recognized legal status under the law. However, without a cohabitation agreement, couples may face a number of challenges if they decide to end their relationship or encounter unexpected circumstances. For instance, if one partner dies without a will, the surviving partner may not automatically inherit their assets. Without a cohabitation agreement, the surviving partner may need to go through a lengthy and costly legal process to prove their right to the assets.
Another scenario is when one partner owns a property and the other partner makes contributions towards mortgage payments or home improvements. In Minnesota, if the couple breaks up, the non-owner partner may not be entitled to any portion of the property without a cohabitation agreement that specifically outlines their contributions and expectations.
Creating a Cohabitation Agreement in Minnesota
Creating a cohabitation agreement in Minnesota is a straightforward process, but it’s important to consult with a lawyer who can help you draft a comprehensive and enforceable agreement. Here are some key steps to consider:
1. Identify your goals: Before creating a cohabitation agreement, it’s important to discuss your goals and expectations with your partner. This includes discussing finances, property, and other responsibilities.
2. Draft the agreement: With the help of a lawyer, draft the agreement that outlines the terms of your cohabitation. This includes everything from how you will divide household expenses to what happens if one of you wants to move out.
3. Review and sign the agreement: Once you’ve drafted the agreement, review it carefully with your partner and make any necessary revisions. Both partners should sign the agreement in the presence of a notary or witness.
4. Keep the agreement up-to-date: As your relationship evolves, you may need to update your cohabitation agreement to reflect changes in circumstances.
Conclusion
A cohabitation agreement can be a valuable tool for couples who choose to live together in Minnesota. By outlining the rights and expectations of each partner, a cohabitation agreement can help couples avoid legal and financial pitfalls and provide peace of mind. Whether you’re just starting to live together or have been cohabiting for years, it’s never too late to draft a cohabitation agreement with the help of a lawyer.
