We Make Cohabitation Agreements Easy in Victoria
All-inclusive Packages Starting at $1,500 (plus tax)
Thinking about sharing a home in charming Victoria or already cohabitating in area? A Victoria Cohabitation Agreement is more than just protecting your assets—it’s about building a solid foundation for your shared life together. At Freedom Family Law, we understand the unique aspects of living together in Victoria.
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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
Under BC law, partners who live together for over two years in Victoria may have a significant claim to their spouse’s business. This could mean they might take a portion of shares or even put control of your hard-built company at risk. We can help keep it safe.
Inheritances
The Family Law Act offers some safeguards for your inheritance, but without a Victoria Cohabitation Agreement, it may still be at risk. Commingling with family property can make it challenging to trace your inheritance, possibly leading to the loss of a portion of it. A Victoria Cohabitation Agreement can keep your inheritance protected.
Real Estate
A shared home represents more than its market value; it’s where memories are made. However, when cohabiting relationships end, the financial implications can be profound. If your partner is entitled to a portion of your property’s increased value, you might face a difficult choice: find the funds to buy them out or sell the place you’ve come to love. We can help avoid this undesirable result.
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Select a date to speak with a member of our team about your Cohabitation Agreement.
What Goes into a Great Cohabitation Agreement?
A comprehensive Cohabitation Agreement in Victoria begins with a team that truly understands your unique situation. At Freedom Family Law, we dedicate time to learn about your values, aspirations, and plans for the future. This insight allows us to craft a plan that goes beyond property division, focusing on your shared journey ahead.
Creating a Victoria Cohabitation Agreement offers an excellent opportunity to establish a strong foundation for your relationship. We’ll help you articulate expectations and clearly define rights and obligations, tailored to your specific needs.
Our process is thorough and organized. We’ll assist you in gathering all necessary documents, creating a comprehensive working draft. Through collaborative refinement, this draft evolves into your final agreement.
Once completed, we’ll review every detail with you, ensuring it addresses all your concerns. After signing, you’ll receive a Certificate of Independent Legal Advice, providing you with a dependable Cohabitation Agreement in Victoria as you build your life together.
What Should a Cohabitation Property Agreement Cover?
Crafting a Victoria Cohabitation Agreement is like creating a roadmap for your shared journey. Our approach is interactive and thorough, designed to uncover the nuances of your present lifestyle and future dreams. We encourage you to share a comprehensive view of your lives, as every detail can be significant. From business documents to income records, we conduct a careful analysis of your financial landscape. This detailed examination helps us construct a clear and accurate picture of your shared economic situation.
By exploring these elements in depth, we ensure your Cohabitation Agreement in Victoria is tailored to your unique circumstances. It’s not just a legal document, but a personalized plan that adapts to the ebb and flow of your life together in this capital city.
Creating a cohabitation agreement may seem overwhelming, but our expert family law professionals make it a smooth and efficient experience. We thoroughly assess your financial situation and carefully arrange all the details. When customizing your agreement, we consider various elements, including:
- Future family planning goals
- Businesses
- Inheritances, and estate planning
- Housing and residence plans
- Other valuable possessions like retirement funds, financial portfolios, or automobiles
Understanding that this document is about securing your joint future rather than revisiting history, we strategically incorporate provisions that address potential upcoming changes. This ensures your agreement is comprehensive and prepared for any eventuality.
Learn More About Cohabitation Agreements in Victoria
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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 Cohabitation Agreement provides legal protection for both partners in a common-law relationship. It clarifies financial responsibilities, asset division, and other important matters, offering peace of mind and reducing potential conflicts in the future.
Yes, you can modify your agreement if both parties consent. It’s advisable to review and update your agreement periodically, especially after significant life changes such as starting a business, having children, or acquiring substantial assets.
While both serve similar purposes, a Cohabitation Agreement is specifically for unmarried couples living together. It addresses the unique legal considerations of common-law relationships in Victoria, whereas a Marriage Agreement is for married couples and is subject to different legal frameworks. We are happy to assist you with either type of agreement.