Like the exquisite carvings and expert craftsmanship of SPB Stonework Ltd which have been creating memorial stones, sculptures, and works of art for over 17 years we also at legalarticlehub.com have kept our customers needs in mind for nearly 10 years! Our long standing interests and experiences in our fields have taught us that the ending is often as important as the beginning. This is why we aim to provide you with some helpful information about what a cohabitation agreement is in the context of Virginia law and help provide you with some pointers of what you might need to know if you are thinking of drafting such a document. A cohabitation agreement in Virginia can be drafted with both parties feeling like a great deal has been accomplished in a short amount of time. It is thus worthwhile to make sure that you have protected your assets, and your peace of mind. A properly drafted cohabitation agreement Virginia can save you a lot of heartache and pain down the road. So read below to find out how a cohabitation agreement can help you:

Cohabitation in Virginia without Marriage

The concept of cohabitation is fairly simple. It is the idea that two parties, traditionally male and female (but this is not and should not be strictly the case) live together (i.e. cohabitate) in a romantic relationship. So like any relationship, the idea is to be on the safer side. Part of this is having a cohabitation agreement. This is an especially important consideration if the relationship is coming after the end of a marriage or after a significant relationship, as the entire estate built up by one partner may be at risk in a divorce proceeding. Or what if one person left their entire estate to their ex-wife, or to their children from that ex-spouse, rather than to the person with whom they resided. Or even worse, what if the other spouse later comes to claim half of the estate, arguing that half of the things bought were bought during the time of the relationship, even though they were bought exclusively with the money of the one party.

A Cohabitation agreement Virginia can also protect the rights of both parties when it comes to being able to see each other in the hospital or being able to transact business on behalf of each other (if they are unable to do so). An attorney can help you draft a cohabitation agreement Virginia that will outline the rights and responsibilities of both parties, and will even be able to draft a legal agreement if one of the parties becomes ill or dies in a manner that allows the other party to still inherit.