You can never be too cautious . . .
If you and your significant other have decided to take a “next step” and move-in together, it would be prudent to look into any potential legal issues. There are many benefits to making a cohabitation agreement: from the aspect of having your identity moving, to the security of knowing what will happen “just in case” things don’t work out (that we hope is not the case). Having a cohabitation agreement can also protect both of you in the case of a robbery, natural disaster, and other tragic events that your combined possessions and assets would be involved. For example, if you are not a legal resident or tenant of an apartment complex and something happens, your insurance may not cover it.
A cohabitation agreement is similar to a prenuptial agreement, but different because the parties may not be getting married right away, or just want something to make relationship legally sound. This is a wise decision. Our family lawyers know how to handle your paperwork and the details that are necessary to make your cohabitation arrangement valid.
More importantly, the tax consequences of having a cohabitation agreement might be beneficial as well. The Law Office of Gregory P. LaMonaca, P.C. is ready to assist you and will be glad to make everything legally sound, so that you can move forward with your life.
Have you thought about the need for a cohabitation agreement? You should. Get in touch with our legal team and get set up for your new home.