Millions of Americans live with a romantic partner. While some of these couples plan to marry at some point, others have their reasons for not taking that path. According to data from the Pew Research Center, a larger share of adults have cohabitated with an unmarried partner than have been married. Factors such as finances and convenience often play a role in a couple’s decision to cohabitate. However, what happens when a breakup or unexpected challenge arises? Putting a cohabitation agreement in place protects you and your partner from bitter and costly arguments in the event of a separation. Below are some of the benefits of a cohabitation agreement in Oregon.
Customized to Suit Your Needs
Cohabitation agreements can be as broad or as specific as you’d like. Essentially, the cohabitation agreement serves as a contract between unmarried romantic couples residing in the same household. Creating a cohabitation agreement allows you and your partner to consider and address several important issues, such as property ownership, how assets would be divided in the event of separation, and—if you’re planning to or currently have children—how you would navigate child custody and support issues.
Clarification of Specific Roles
Many couples find that creating a cohabitation agreement helps to clarify each partner’s role and responsibilities in the relationship. For instance, if you find yourselves arguing every month about who pays the rent or mortgage and who pays for the utilities or groceries, putting clear guidelines in your cohabitation agreement about which partner pays what can streamline and ease this process. Additionally, if your cohabitation agreement states that your partner is responsible for covering the mortgage payment and they fail to uphold this responsibility, you now have a legal recourse to fall back on if trouble arises.
Fostering Productive Conversations Between Partners in Portland
While it feels good to know that there’s a cohabitation agreement in place that protects your interests in the event of a separation, many couples find the process itself to be rewarding and productive. Creating a cohabitation agreement encourages partners to focus on their individual and shared goals, inspiring rich conversations that may serve to strengthen the relationship. Working with a trusted and compassionate family law attorney ensures that your cohabitation agreement sufficiently protects your best interests and addresses your specific needs.
To learn more about the benefits of cohabitation agreements in the Portland area, call Lee Tyler Family Law, P.C. at (503) 233-8868 today to speak with a dedicated family law attorney and mediator.