Life Partner Cohabitation Agreements - Not Just for Gays and Lesbians
Life Partner Cohabitation Agreements - Not Just for Gays and Lesbians
When most people think of "life partners" and cohabitation agreements, if they think of them at all, they assume that the discussion is only of interest to gay and lesbian couples. However, information on such subjects can be quite valuable for such other couples as grown children living with parents or other instances of people living together as partners.
Despite all the news stories about "gay marriage" recently, many couples remain legally unprotected in the event of life decisions and rights of the partnership participants.
While such documents as a living will, living trust, last will and testament, and power of attorney can be independently powerful tools to help couples make legal use of various rights and privileges enjoyed by those involved in relationships more commonly recognized by most state governments they still can leave holes in the legal aspects of these relationships. Getting an attorney to prepare all these documents can normally cost thousands of dollars, and, in many cases, this is the best choice to make sure all possibilities are covered.
A cohabitation agreement, executed while the couples are healthy, aware, and in agreement, can help pave the way for simpler decision-making during difficult times and insure that partners in the agreement will be able to function effectively in most situations where they might commonly be without legal standing.
It is true that the cohabitation agreement, which is an actual written contract between the partners, outlines details relevant to a great many issues related to financial and property issues. It is also true that it can even indicate the potential disposition of properties and resolve in advance other issues should the partnership end. However, it is still in the best interests of both parties to also make sure that they prepare a living will, or advance directive, a power of attorney as deemed necessary, and a last will and testament.
While there are many good do-it-yourself legal kits which can aid in preparation of the cohabitation agreement and other documents, they should never be used lightly, and consideration should always be given to having an attorney perform the legal duties. It can be daunting to work your way through a fill-in-the-blank process when you have issues specific to your situation which should be addressed. How Mineralife's Minerals and Alkalizer Drops Work Together Using a Life Insurance Broker Why Whole Life Insurance Is A Whole Lot Better? Life Insurance Policy & Mutual Fund Investment Use Safety Accessories to enhance the life of Gadgets Physical Therapy A Way To Take Care Of Injury Life Insurance : ULIPs vs Traditional Products Correct indetify Nike SB for life insurance Get Life Insurance Quotes Before Signing any Contract Make The Most Of Your Life Insurance Leads Letting Go Of Fear And Making Positive Life Changes Iphone 4 insurance takes care of all your iphone risks head on Reference Article For Free Life Insurance Quotes