Cohabitation Agreement Attorney In Eden Prairie, Minnesota
Cohabitation is not the same as marriage; that’s why cohabitating partners in Minnesota don’t enjoy the same built-in legal protections as their married counterparts. As a firm that takes the client, the case and the relationship to heart, Andy Gregory Law, PLLC, provides unique and personal cohabitation agreements for clients in Eden Prairie and throughout the West Metro (Bloomington, Minnetonka, Hopkins, St. Louis Park, Golden Valley and Plymouth). Attorney Andy understands that securing your personal future is vital. Protecting individual interests and building a future together are not mutually exclusive.
What Is A Cohabitation Agreement?
A cohabitation agreement is a written contract that establishes how assets, debts and financial responsibilities will be divided between unmarried partners if the relationship ends, as Minnesota law conditions the enforceability of these financial terms on the termination of the relationship.
Why Unmarried Couples Need Legal Protection
Minnesota does not have common-law marriage. Without the appropriate contractual agreement, Minnesota’s courts will not automatically allocate assets or grant monetary support in cases involving nonmarried couples who split up – no matter how long they lived together.
What Can Be Included In A Cohabitation Agreement?
Couples have considerable flexibility when drafting their contract and can address a broad range of personal and financial matters to prevent future misunderstandings, including:
- Property ownership
- Mortgage and upkeep
- Separate property
- Daily expenses
- Bank accounts
- Debt allocation
- Division of assets
- Financial support
By clarifying these terms in writing, partners can clearly define separate versus shared property and protect their individual assets in the event of a separation.
Contact A Minnesota Cohabitation Agreement Attorney Today
When you’re buying a home as partners or creating a combined residence, proactive planning offers invaluable peace of mind. Schedule an appointment to consult with attorney Andy. Call him at 612-778-0759 or use the online contact form today.