Legal Help For Those Living Together
Below is a MRR and PLR article in category Reference Education -> subcategory Legal.
Legal Assistance for Cohabiting Couples
Overview
As more American couples choose to live together either as a step before marriage or as an alternative, there's positive news on the legal front. According to census data, nearly 6 million couples in the U.S. cohabitate, and efforts are being made to acknowledge these relationships.
Understanding Cohabitation
Couples cohabit for numerous reasons. Some are testing the waters before marriage, while others feel marriage isn't suitable for their relationship. Some individuals, like widowers, avoid remarriage to retain survivor benefits. Despite the conveniences of cohabitation, couples face limited legal rights and financial risks.
Unique Legal Needs
Cohabiting couples have distinct legal needs. Marriage provides couples with legal rights and protections in many situations. In contrast, cohabiting couples may face challenges if financial accounts, loans, or housing are under one partner's name. New privacy laws amplify the necessity for domestic partners to have access to critical information and legal rights to act on each other’s behalf in emergencies.
Michael Orlowitz, a Financial Advisor with Smith Barney, explains, "Marriage isn't suitable or feasible for everyone, but cohabiters can still validate their relationship legally. By outlining and formalizing intentions on paper, unmarried couples can enhance their financial security without marriage."
Practical Solutions
Now, couples can address these issues with technology. "Legal Guide to Living Together" by Muses Products is the
You can find the original non-AI version of this article here: Legal Help For Those Living Together.
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