The,Importance,Cohabitation,Ag law The Importance of Cohabitation Agreements in Canada
Bankruptcy is a situation, wherein an individual is termed as unable to discharge all the debts. When a person or a company is not able to pay off its creditors, it has an obligation to file a bankruptcy suit. In fact, a bankruptcy suit is a When you work with an attorney, you will have no problem reducing the risks associated with getting your case in front of a judge and jury, or other formal court, when you need to. However, every case is different. It is important to work wi
Cohabitation agreement is a legalagreement reached between a heterosexual or same sex couple, who have chosen tolive together. It is like the light version of marriage. In some legal issues(mortgage or child support for example) the couple that signed such documentcan be viewed as married, but in case of property rights, pensions andinheritance, the couple is usually treated differently. It is a good solutionfor people who want to protect themselves from unnecessary cost and litigationin case their relationship breaks down. Also such agreement can help toregulate such important issues as property rights and child support. It is bestto enter such agreement before the couple is seriously tied togethereconomically. When writing such agreement it is as usual useful to consult anexperienced family lawyer, who can help to write a legally correct documentthat will be accepted by the court. There are a number of things that should beconsidered. The parties entering an agreement must show that they intend tocreate a legally enforceable agreement. Both parties must enter the agreementvoluntarily and without any pressure from the other side or the other side'sfamily lawyer. Both parties should disclose all the details of their assets andliabilities. Each party must have their own lawyer. The agreement should bereasonable at the time it is entered into and should plan for future events.The agreement might be set aside if it holds possible law violations, forexample if both of the sides refuse to pay the child support for their futurechildren. The agreement must be in writing, signed by both parties andwitnessed. We already wrote about the growingnumber of divorces and sadly the numbers are rising. If we set aside theemotional consequences of a divorce we will still have the financialconsequences, which can be much more serious. So an agreement regulating suchterms for non-married people is also very important. Also it is a good solutionfor people who already had a divorce and are seeking more protected and lessserious family union. If you feel that there is an imbalance in yourrelationship, this agreement also can be useful. For example if you arewealthier than your partner, have recently received an inheritance, or you arethe owner of a business or home, cohabitation agreement will protect yourfinancial assets. Also if your partner has children from previous marriages itwill be useful to regulate all the child support related issues in this type ofagreement. Many people view such agreements in a negative way, because it showsthat both sides are seriously considering a break up. But it is wrong, love isblind and the consequences of a break up can be very serious. CohabitationAgreement is simply a very useful document and most probably after youvesigned it you will feel more secure and live happily ever after. Just be sureto have an experienced family lawyer nearby, when you are writing acohabitation agreement. For more information regarding Estate Lawyers, Real Estate Lawyers, Estate Planning and Attorney please visit: www.lawyerahead.ca
The,Importance,Cohabitation,Ag