We Make Cohabitation Agreements Easy in Vancouver
All-inclusive Packages Starting at $1,500 (plus tax)
Thinking about sharing a home in beautiful Vancouver or the surrounding area? A Vancouver Cohabitation Agreement is more than just protecting your assets—it’s about building a solid foundation for your shared adventure. At Freedom Family Law, we understand the unique challenges and opportunities that come with living together in Vancouver.
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“…amazingly thorough. He really cares about his client’s needs. Furthermore he goes the extra mile and then some.” – Margy R. on Yelp
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What is a Cohabitation Agreement For?
Businesses
Cohabiting partners who live together for over two years may have a significant claim to their spouse’s company. This could mean taking a portion of shares or even risking control of the business. If you need to safeguard yourself and your Vancouver-based company, consider a binding Vancouver Cohabitation Agreement. It’s an essential step in securing your business’s future.
Inheritances
While your inheritance has some protection under the Family Law Act, without a Cohabitation Agreement in Vancouver, it could be vulnerable. While the appreciation is generally subject to division, the greater risk lies in commingling, which could complicate tracing and potentially result in the loss of a portion of the inheritance itself.
Real Estate
Your home in Vancouver is more than just an asset. When your live-in partner takes a share of the appreciation, they can claim more than just money. You could be forced to sell your home if you can’t afford to buy them out, a significant concern in this city’s housing market. If that’s not a risk you’re willing to take, set out your rights in a Vancouver Cohabitation Agreement.
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What Goes into a Great Cohabitation Agreement?
What Should a Cohabitation Property Agreement Cover?
A Vancouver Cohabitation Agreement serves as a crucial tool in structuring your shared life in this diverse city. Our collaborative approach ensures we thoroughly understand your current situation and future goals, whether you’re living in a Yaletown apartment or a house in Kits. We’ll cover all significant aspects of your life together in Vancouver. This thorough process helps us create a clear picture of your financial landscape, essential in a city known for its high cost of living and dynamic job market.
Navigating the intricacies of a Vancouver Cohabitation Agreement might seem challenging, but our skilled family law team makes it a smooth process. We expertly analyze your financial situation and meticulously organize all details.
Here’s what we consider when crafting your Cohabitation Agreement in Vancouver:
- Your plans for starting a family
- Business interests
- Potential inheritances
- Planned living arrangements
- Additional assets like pensions, investments, or vehicles
Understanding that your agreement shapes your future, we don’t dwell on the past. Instead, we incorporate clauses that anticipate foreseeable changes. This ensures your Vancouver Cohabitation Agreement provides comprehensive coverage for any scenario as you build your life together.
Learn More About Cohabitation Agreements in Vancouver
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How Much Does a British Columbia Prenuptial or Cohabitation Agreement Cost?
The cost of a prenuptial agreement or cohabitation agreement in British Columbia is going to depend on a lot of factors. The average price for a comprehensive prenuptial or cohabitation agreement at Freedom Family Law is currently $2,250, typically ranging between $1,500 for the very simplest agreements, and $3,000 for…
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Frequently Asked Questions
A Vancouver Cohabitation Agreement is a legal document that outlines the rights and responsibilities of unmarried couples living together in Vancouver. You might need one because:
- It clarifies financial obligations and property rights
- It can protect your assets in case of separation
- It helps avoid potential disputes about property division
- It can address issues specific to Vancouver’s housing market and cost of living
The best time to create a Cohabitation Agreement in Vancouver is:
- Before you move in together
- Early in your cohabitation, if you haven’t already made one
- When there’s a significant change in your financial situation
- If you’re considering buying property together in Vancouver
It’s always better to have these discussions early in your relationship, before any conflicts arise.
A comprehensive Vancouver Cohabitation Agreement typically includes:
- Division of property and debts in case of separation
- Financial responsibilities during cohabitation
- Arrangements for shared housing expenses
- Plans for handling joint purchases
- Provisions for spousal support in case of separation
- Any specific concerns related to Vancouver’s high cost of living or property market
Remember, each agreement is unique and should be tailored to your specific situation and needs.