Protecting the Rights of Unmarried Couples
Heterosexual and homosexual couples who live together without being legally married need written contracts in order to have rights if the relationship ends. Similar to premarital and postmarital agreements for married couples, cohabitation agreements specify each party’s rights to property and other benefits.
If you and your partner are considering a cohabitation agreement, The Law Office of Gary L. Nickelson can help. Our attorneys have experience in all areas of family law, including the laws that affect unmarried couples. We can work with you to protect assets and specify rights that are important to the future of your family.
Benefits of Cohabitation Agreements
In Texas, unmarried couples do not have the same legal rights as married couples. However, with a cohabitation agreement, you can establish certain rights. Cohabitation agreements are legal contracts detailing the assets and debts each party has prior to entering the relationship. They establish the property rights of each party should the couple separate or if one partner dies before the other.
Cohabitation agreements are a good idea for couples with a high net worth, as well as people with modest assets. They are beneficial for anyone who wants to set aside assets for children or protect assets in the event of the end of the relationship.
Without a cohabitation agreement in place, dividing assets can be a complex matter. Issues such as owning real estate together and dividing insurance and other benefits are simplified when they are addressed in a cohabitation agreement. Our Fort Worth cohabitation agreement lawyers can discuss your needs and draft an agreement that works for you.