According to the U.S. Census Bureau, there has been a steady increase in the number of unmarried couples living together over the last two decades. Experts have different theories for the cause of this trend. In general, a lot of couples are seeking other options to the traditional marriage, guaranteeing an easy way out if the relationship breaks down. Other couples feel the need to “test the waters” before jumping the broom.
For whatever the reason, this trend has given rise to couples seeking to have cohabitation agreements drawn up, which outlines the entitlements in the relationship, such as property rights and distribution of assets.
The make-up of the American household is also changing with the increase in same-sex domestic partnerships. However, the law in most states with regards to the responsibilities and rights of individuals in same-sex unions has not caught up and therefore couples are left with the dilemma of trying to figure out what to do when there is dissolution of the union.
A cohabitation agreement is one way both heterosexual and same-sex couples can assign expectations and responsibilities in the relationship. Such an agreement should be done with the advice and direction of an attorney. It should contain the same formalities as a prenuptial agreement for it to be enforceable in the courts.