Family Law Attorneys - Offices in Chicago, Wheaton and Schaumburg
Once you and your special someone have made the decision to live your lives together in one household without the benefit of marriage, you may wonder how best to handle the financial and legal aspects of your union. Such questions are especially important if either party owns property, has children, or earns a much higher income than the other. You may wonder how to protect your personal assets while still contributing fairly to the costs involved in maintaining a mutual home.
Contact us in Chicago, Schaumburg or Wheaton to schedule an initial consultation with a family law attorney at the law offices of Anderson & Associates regarding a cohabitation contract that will make clear the responsibilities and privileges that you and your domestic partner intend to share.
Property, Health and Parenting
Your cohabitation agreement may include provisions for the following matters:
- How you and your domestic partner will share in household expenses, including rent or mortgage payments, utilities, taxes, insurance and upkeep expenses such as repairs
- How your joint and separate property will be distributed if you separate for any reason — and upon death of one of the partners.
- How mutually incurred debts till be paid.
- Clarification of property ownership questions: will you be 'joint tenants with rights of survivorship"? (Also talk to your lawyer about which name(s) should be on the property deed.)
- What rights and relationships pertain to either or both of you and any children in your household — biological or adopted. If one of you is not the biological parent of children that you are raising together, how will parental roles be preserved in case of a breakup?
- Clarification of health insurance coverage. Your employers may allow you to register each other as domestic partners for this purpose. Your cohabitation agreement can strengthen your ability to claim each other as partners to be covered on health insurance. Talk to your attorney about creating a "health care proxy" to allow you and your partner to speak for each other in case of a medical emergency.
- Naming of each other as guardian or conservator in case of incapacitation.
Prevent Misunderstandings and Trouble Down the Road
In sum, your cohabitation agreement and related documents such as powers of attorney can help protect your rights while together as well as in case of a separation or death of one or the other. Misunderstandings and heartaches may be avoided through a well-crafted cohabitation agreement.
Contact us at our offices in Chicago, Schaumburg or Wheaton to schedule an initial consultation regarding a domestic partnership agreement or separation dispute for an unmarried couple.
Free initial consultations • Credit cards accepted