If you`re about to move in with your partner in Georgia, a cohabitation agreement can be a wise step to take. Cohabitation agreements can help protect your interests and assets in case your relationship ends or you decide not to get married.
What is a Cohabitation Agreement?
A cohabitation agreement is a legal document between two people who live together and are not married. It sets out each person`s rights and responsibilities during the time they live together and after they separate. In Georgia, cohabitation agreements are enforceable as long as they meet certain requirements.
Why Do You Need a Cohabitation Agreement?
A cohabitation agreement can provide peace of mind and clarity about what will happen if the relationship ends. It can address issues such as:
– Property ownership: A cohabitation agreement can specify who owns what property, how it will be divided if you separate, and whether one partner will be entitled to compensation if the other partner contributes to the appreciation of the other partner`s property.
– Debts: A cohabitation agreement can specify who is responsible for which debts, and how they will be divided if you separate.
– Support: A cohabitation agreement can address issues such as spousal support and child support.
– Estate planning: A cohabitation agreement can provide for each partner`s inheritance rights if one partner dies.
– Dispute resolution: A cohabitation agreement can specify how disputes will be resolved, such as through mediation or arbitration.
How to Create a Cohabitation Agreement in Georgia
To create a valid cohabitation agreement in Georgia, the agreement must be:
– In writing: A cohabitation agreement must be in writing to be enforceable.
– Voluntary: Both partners must enter into the agreement voluntarily, without coercion or duress.
– Not against public policy: The agreement cannot violate public policy or the law.
– Signed by both partners: Both partners must sign the agreement.
– Notarized: The agreement must be notarized to be enforceable.
If you`re considering a cohabitation agreement in Georgia, it`s a good idea to seek legal advice from a family law attorney. An attorney can help ensure that your agreement meets the legal requirements and provides the protection you need.
A cohabitation agreement can be an important tool for protecting your interests and assets if you`re living with a partner in Georgia. By addressing key issues such as property ownership, debts, and support, a cohabitation agreement can provide clarity and peace of mind in case your relationship ends. Before you enter into a cohabitation agreement, it`s best to seek legal advice to ensure that your agreement is enforceable and provides the protection you need.