Cohabitation is a term used to describe an arrangement where unmarried couples live together. This arrangement has become increasingly popular in recent years as more and more people look to avoid the legal and financial complications that come with getting married. However, just like married couples, cohabitants can face issues when it comes to dividing their assets and settling disputes in the event of separation or death. A cohabitation agreement can help avoid these issues, and this article will walk you through the process of creating one.

Step One: Gather Information about Your State`s Laws

The laws that govern cohabitation agreements vary from state to state. Before you begin the process of creating your agreement, you should research the laws in your state to understand what is required. You can do this by consulting an attorney or by conducting research online.

Step Two: Discuss the Terms of the Agreement with Your Partner

The next step is to discuss the terms of the agreement with your partner. This should include a discussion of how assets will be divided in the event of separation or death, as well as any other issues that may arise during your cohabitation. It`s important to have an open and honest conversation about these issues so that both parties are on the same page.

Step Three: Create a Written Agreement

Once you have discussed the terms of the agreement, you should create a written agreement that outlines the specifics. This should include information about the division of assets, as well as any other issues that were discussed during your conversation. The agreement should be written in clear and concise language so that it is easy to understand.

Step Four: Get the Agreement Notarized

It is important to get your cohabitation agreement notarized to make it legally binding. This can be done by visiting a notary public or by having an attorney notarize the agreement.

Step Five: Keep the Agreement Updated

As your relationship changes and evolves, it may be necessary to update the cohabitation agreement to reflect these changes. You should keep the agreement up to date so that it remains relevant and accurate.

In conclusion, a cohabitation agreement is an important document that every unmarried couple should consider. It can help you avoid legal and financial complications in the event of separation or death. By following the process outlined in this article, you can create a cohabitation agreement that is tailored to your specific situation and needs.