We Make Cohabitation Agreements Easy
All-inclusive Packages Starting at $1,500 (plus tax)
Considering moving in or already living together? A Cohabitation Agreement is more than just asset protection—it’s about laying a strong foundation for your shared journey. At Freedom Family Law, we recognize the importance of safeguarding what’s important to you.
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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
By default, spouses who live together for over two years may have a significant claim to their spouse’s business. They could take a portion of shares, and even put control of the company at risk. If you need to protect yourself and your company, consider a binding Cohabitation Agreement.
Inheritances
While your inheritance has some protection under the Family Law Act, without a Cohabitation Agreement it could be at risk. Typically, the appreciation is subject to division; however, the greater danger is that commingling could defeat tracing, and possibly result in the loss of a portion of the inheritance itself.
Real Estate
Your home is more than just an asset. When your live-in partner takes a share of the appreciation, they can take more than just money. You could be forced to sell your home if you can’t afford to buy them out. If that’s not a risk you’re willing to take, set out your rights in a Cohabitation Agreement.
Free Initial Call
Select a date to speak with a member of our team about your Cohabitation Agreement.
What Goes into a Great Cohabitation Agreement?
A great Cohabitation Agreement begins with a team that understands you. That’s why we take the time to get to know you, what you care about, and where you’re going. After that we’ll work together to create a plan, not just for your property, but for your future. A Cohabitation Agreement is an incredible opportunity to set the foundation for your relationship, by laying out expectations, and clarifying your rights and obligations. We will work with you to get all your documents together and organized. We’ll create a working document that helps keep track of everything. Through a collaborative process that draft will become a final agreement. When it’s finished we will review it with you in detail. After its signed, we will provide you with a Certificate of Independent Legal Advice, and you will have an agreement that you can count on.
What Should a Cohabitation Property Agreement Cover?
A Cohabitation Agreement serves as a vital tool in structuring your shared life. Our collaborative approach ensures a thorough understanding of your present circumstances and future aspirations. Furnishing comprehensive details enables us to encompass all significant aspects. From incorporation documents to pay stubs, we meticulously examine all financial indicators to paint a comprehensive picture.
Navigating the complexities of cohabitation agreements might seem daunting, but with our skilled family law team, it’s a streamlined process. We adeptly decipher your financial landscape and meticulously organize all particulars. Here’s a glimpse of what we factor in when tailoring your agreement:
- Your intentions regarding parenthood
- Business interests
- Potential inheritances
- Planned living arrangements
- Additional assets such as pensions, investments, or vehicles
Recognizing that your agreement shapes your shared future, not dwelling on the past, we proactively embed clauses that anticipate foreseeable changes, ensuring comprehensive coverage for any scenario.
Learn More About Cohabitation Agreements
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As couples in British Columbia prepare for marriage, they often grapple with the question of whether a prenuptial agreement is necessary. While it may not be the most romantic topic, a well-crafted prenuptial agreement can provide significant benefits and protections for both parties. This article explores the reasons why considering…
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
When you start living together in BC, the clock starts. After two years of living in a marriage-like relationship, the couple becomes “spouses” for the purposes of the Family Law Act. That means that all their property that is considered “family property” can be divided on separation. The same is true for debts. This can have some unintended, and far reaching consequences. We can help you manage your risk and plan for the future.
Agreements with respect to children (parenting arrangements and support) are not binding unless they are made after separation, or in anticipation of separation; however, we have tools to assist you in planning for your future family that can simplify the process and give you some protection.
We try to make it as easy as possible. First, we will make sure we can help you. Then we will work with you to make a plan. We get together as much disclosure as possible, and then we create a working draft. You will review your draft and make sure it’s 100% perfect. Then we meet to review it and execute your agreement.