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Cohabitation Agreement Indiana

Cohabitation is an increasingly common lifestyle choice for many people in Indiana. Whether you are living with a partner, roommate, or friend, it is important to consider what would happen should your living situation change.

A cohabitation agreement is a legal document that can be created to protect both parties. This agreement can outline the terms of your living arrangement, including financial responsibilities, property ownership, and what will happen in the event of a breakup.

In Indiana, there is no set law governing cohabitation agreements. However, they are generally recognized and enforced by the courts if properly executed. To ensure the validity of the agreement, it must be in writing, signed by both parties, and notarized.

Some items that can be included in a cohabitation agreement in Indiana are:

1. Shared expenses: This can include rent, utilities, groceries, and other costs associated with living.

2. Property ownership: If you are sharing property, it is important to decide who owns what. This can be especially important if one party has contributed more financially to the property.

3. Debt obligations: If one party has accrued significant debt, it is important to outline who will be responsible for that debt in the event of a breakup.

4. Termination of the agreement: It is important to outline the circumstances under which the agreement will terminate. This can include a specified date, mutual agreement, or the occurrence of certain events.

It is important to note that a cohabitation agreement is not a substitute for a will or estate plan. These documents should also be considered to ensure that your assets are distributed according to your wishes.

In conclusion, a cohabitation agreement can be an important tool for those living together in Indiana. It can outline important financial and legal considerations and provide peace of mind should the living arrangement change. If you are considering a cohabitation agreement, it is important to consult with a lawyer experienced in family law to ensure that your agreement meets legal requirements and protects your interests.

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