The Law Office of Zoe Meigs, P.C.
Dedicated To Your Goals & Future

Get a cohabitation property agreement when living together

Many couples in Fort Worth, Texas, and Tarrant, Texas, live together either before getting married or instead of getting married. If they break up and decide to live apart, that can be kind of sad. If one of them takes the other's stuff, however, that can be really sad.

For that reason, many couples are pursuing an option available to them under family law called a cohabitation property agreement.

Why would anyone want a CHA?

When you and your partner lived together, you probably bought some things together. This may have included simple things, like soap, paper towels and an ABBA's Greatest Hits CD. However, it may have also included very expensive things, like a car, a condominium or a house. You want to make sure that those things are divided in a way that you will view as fair.

What is a fair division?

Each partner getting out what they paid in is a good route. For example, if one partner paid 80 percent of a shared car, they should get 80 percent of the money if that shared car is sold. If that partner wants to keep the car, he or she can pay the other partner 20 percent of what he or she would get if the car was sold to buy out his or her interest.

What should a CHA include?

It should address preexisting assets from before the period of cohabitation and affirm that those will belong to their original owners and not be subject to division when the partnership breaks up. It should also address how living expenses will be paid for during the period of cohabitation. For example, all utilities could be paid equally by both partners, or one partner could pay the phone bill while the other paid the electricity bill.

You can also decide to both pay equal amounts into a shared account, from which either can withdraw money to pay for household expenses. These understandings help to minimize arguments about money during the relationship, as well as determining who gets what when the relationship ends.

Source: FindLaw, "Cohabitation Property Rights for Unmarried Couples," accessed Feb. 13, 2018

No Comments

Leave a comment
Comment Information

Hear what my Clients say

"Ms. Meigs makes thoughtful recommendations based on research. She is also compassionate and has a real desire to help you through a difficult situation."

Email Us For A Response

Contact Me

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

603 E. Belknap St. #102 Fort Worth, TX 76102 Toll Free: 800-483-9142 Phone: 817-381-9905 Fax: 817-336-4448 Map & Directions