If you are considering living together with a partner, it is important to establish clear guidelines and expectations for your living arrangements. One way to do this is through a cohabitation agreement, also known as a living together agreement. This legal document outlines your rights and responsibilities as a cohabiting couple, including issues such as finances, property, and child custody. But how much does a cohabitation agreement cost?
The cost of a cohabitation agreement can vary greatly depending on a number of factors, such as the complexity of the agreement, the location you`re in, and the attorney you choose to work with. Typically, you can expect to pay between $500 and $2,000 for a basic cohabitation agreement.
A basic agreement typically covers issues such as how expenses will be divided, how property will be owned and divided, and how decisions will be made in the event of a breakup. If you have more complex issues to address, such as child custody or support, you may need a more detailed and tailored agreement, which can cost more.
It is important to note that the cost of a cohabitation agreement is a one-time expense, as opposed to the ongoing costs of a marriage, such as alimony or child support. Additionally, having a cohabitation agreement can save you money in the long run in the event of a breakup or legal dispute.
When choosing an attorney to draft your cohabitation agreement, be sure to select someone experienced in family law and knowledgeable about the laws in your state. You may also want to compare fees and ask for a detailed estimate of all costs involved.
Overall, the cost of a cohabitation agreement is a small price to pay for the peace of mind and protection it can provide. By establishing clear guidelines and expectations for your living arrangements, you can avoid confusion and disputes down the road. Consider investing in a cohabitation agreement as a wise and proactive step towards a successful cohabitation.