Cohabitation agreements in Wisconsin offer protection for unmarried couples who choose to live together. These agreements allow couples to establish their rights and responsibilities in the event of a breakup or a partner`s death.
Wisconsin law does not recognize common law marriages, meaning that unmarried couples do not have the same legal rights as married couples. Therefore, it is important for couples who live together to create a cohabitation agreement to protect their interests.
A cohabitation agreement is a legally binding document that outlines how a couple`s property, assets, and finances will be divided in the event of a break-up. It can also include provisions for spousal support, child support, and custody if the couple has children together.
In addition to protecting each other`s interests, a cohabitation agreement can also be useful for practical purposes. For example, if one partner dies without a will, the agreement can ensure that the surviving partner receives the property and assets they are entitled to.
It is important to note that a cohabitation agreement must be signed voluntarily and with full understanding by both partners. It is also advisable to have the agreement reviewed by a lawyer to ensure that it is legally binding and covers all necessary areas.
If you are considering living with a partner in Wisconsin, it is important to understand the legal implications of cohabitation. Creating a cohabitation agreement can provide peace of mind and protect your interests should your relationship come to an end.
Overall, cohabitation agreements in Wisconsin are a valuable tool for unmarried couples who want to protect their rights and interests when living together. By creating a legally binding agreement that outlines each partner`s responsibilities and rights, couples can avoid potential legal battles and ensure that their wishes are respected in the event of a breakup or one partner`s death.