Are you thinking of moving in with your partner in British Columbia? Planning to live together without getting married? Then a cohabitation agreement may be something you should consider.
A cohabitation agreement is a legal contract between two unmarried people who are living together or planning to live together. It outlines the financial and property arrangements for the relationship in case it ends due to separation, death or any other reason.
In British Columbia, cohabitation agreements are governed by the Family Law Act. As per the act, a cohabitation agreement must be in writing, signed by both parties, and witnessed by a third party.
While you can hire a lawyer to draft a cohabitation agreement tailored to your specific needs, there are also cohabitation agreement templates available online that can help you get started.
The main advantage of using a cohabitation agreement template is that it can save you both time and money. However, keep in mind that every relationship is unique and a template may not necessarily cover all your needs.
When looking for a cohabitation agreement template in British Columbia, be sure to consider the following things:
1. Make sure it is up-to-date and complies with the Family Law Act in British Columbia.
2. Check that the template covers all the financial and property arrangements that are important to you. For example, it may include details such as who is responsible for paying bills, managing joint bank accounts, and dividing property in case of separation.
3. Make sure it is easy to understand and use. You don`t want to spend hours trying to decipher legal jargon.
4. Ensure that the template is customizable. Remember, every relationship is unique, and you want to make sure that the agreement reflects your specific needs and circumstances.
Using a cohabitation agreement template in British Columbia can provide peace of mind, help avoid disputes, and ensure that your rights are protected. However, it is always recommended that you seek legal advice before signing any agreement.
In conclusion, if you are planning to move in with your partner in British Columbia, a cohabitation agreement can be an essential step to safeguard both your interests. While preparing a customized agreement can be costly and time-consuming, a cohabitation agreement template can be a great starting point. Just make sure that it covers everything you need and seek legal advice to ensure that your agreement is legally binding and enforceable.