Cohabitation Agreement Manitoba Template: What You Need to Know
As more and more couples choose to live together before getting married, it`s important to consider a cohabitation agreement. This document outlines what will happen if the couple separates, including who gets what assets and how debts will be divided. While it`s not a romantic topic, it`s one that can save a lot of heartache and expense in the future.
If you live in Manitoba, Canada, you may be wondering if there is a specific template or form to use for a cohabitation agreement. While there is no one-size-fits-all document, there are certain provisions that should be included in any agreement in order to make it legally binding and effective.
First and foremost, the cohabitation agreement should be in writing and signed by both parties. Oral agreements are not legally enforceable and can lead to misunderstandings. The agreement should also clearly state that both parties have had an opportunity to seek independent legal advice before signing.
The agreement should cover the couple`s property, assets, and debts. This includes both what they currently own and what they may acquire in the future. It should specify how these items will be divided if the couple separates. This can be an equal split, or it can be based on each person`s contributions to the relationship. The agreement should also state what will happen to any joint debts, such as a mortgage or loan.
If the couple has children together or plans to have children in the future, the cohabitation agreement should address child support and custody. It should specify who will have legal and physical custody of the children if the couple separates, and how much child support will be paid by each parent.
Finally, the cohabitation agreement should address any other issues that are specific to the couple`s situation. This might include things like medical expenses, pets, or travel plans. By addressing these issues up front, the couple can avoid disputes and confusion in the future.
While it`s possible to draft a cohabitation agreement on your own, it`s highly recommended that you seek the advice of a lawyer who specializes in family law. They can help ensure that the document is legally binding and enforceable, and that it covers all the necessary issues.
In summary, a cohabitation agreement is an important document for any couple who chooses to live together. While there is no specific template for Manitoba, the agreement should be in writing, cover property and debt division, child support and custody, and any other relevant issues. It`s recommended that you seek the advice of a family law lawyer to ensure that your agreement is legally binding and effective.
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