Cohabitation Agreement Washington State: What You Need to Know
In Washington State, couples who choose to live together without getting married can benefit greatly from a cohabitation agreement. This legal document allows them to define their rights and responsibilities while living together. However, many people are not aware of the importance of a cohabitation agreement and the legal protections it provides.
What is a Cohabitation Agreement?
A cohabitation agreement is a legal document that outlines the rights and responsibilities of unmarried couples who share a household. It is similar to a prenuptial agreement, but it is designed for couples who are not planning to get married. Unlike marriage, cohabitation does not provide the same legal rights and protections. Therefore, having a cohabitation agreement can give couples a sense of security and stability with regard to their finances, property, and parenting arrangements.
Why Do You Need a Cohabitation Agreement in Washington State?
Without a cohabitation agreement, unmarried couples are not legally bound to each other. This means that they are not entitled to each other`s property, assets, or income in the event of a breakup. They also do not have the same legal protections as married couples with regards to child custody, visitation, and support. A cohabitation agreement can help avoid disputes and litigation in these areas.
Moreover, Washington State law treats unmarried couples differently than married couples. For instance, in the event of a partner`s death, an unmarried partner is not entitled to inherit unless specified in a will or trust. This can create a lot of uncertainty and tension for the surviving partner. A cohabitation agreement can help provide certainty and peace of mind for both parties in the event of death or disability.
What Should Be Included in a Cohabitation Agreement?
A cohabitation agreement should include provisions for the following:
1. Asset division: Determine how assets will be divided in the event of a breakup. This can include property, savings, investments, and other assets.
2. Debt allocation: Determine how debts will be allocated in the event of a breakup. This can include credit card debt, loans, and other liabilities.
3. Child custody and support: If the couple has children, the agreement should outline child custody, support, and visitation arrangements.
4. Insurance: Determine who will be responsible for health insurance and other types of insurance for the couple and their children.
5. Inheritance: Determine how inheritance and other assets will be distributed in the event of a partner`s death.
Conclusion
In Washington State, a cohabitation agreement is a valuable legal tool for unmarried couples who live together. It can provide a sense of security and stability by defining rights and responsibilities, protecting assets, and outlining child custody arrangements. If you are in a cohabiting relationship, it is important to consult with an experienced attorney to draft a comprehensive cohabitation agreement that meets your needs and protects your interests.