A concubine agreement defines the rights and obligations of a couple living together in the same household but who are not yet married (or can never be married). For example, a concubine agreement may define the agreements entered into by the partners on the ownership and management of debt-related assets and liabilities, the payment of the cost of living and the sharing of assets and the allocation of debt upon separation. A concubine agreement can reduce conflicts over these issues during a separation and help ensure that one partner does not have a right to equitable ownership of the other`s property if it is not provided for. Conclusion: don`t let them scare you. Concubine agreements can be simple and simple. They don`t need a lot of legal jargon to make them official. But if you have a lot of assets, children or other complicated factors, it is advisable to consult a lawyer, at least to check the agreement and advise you. Also make sure you have a witness if you sign it and have the witness signed. Perhaps you would also like to consider having it certified notarized to confirm that the people who signed it are the people who entered into the agreement. Since the law does not generally grant legal status to couples who are not married or partners, this agreement is a way to determine the rights and obligations of partners during the relationship and after. However, nine states allow you to create an informal or joint marriage if the following three are correct: with the concubine contract, couples might also want to establish health powers so that each can make decisions about each other`s health care in the event of incapacity for work. Wisconsin does not recognize common law marriage or cohabitation as a legally binding marriage. When national partners or unmarried couples terminate their relationship, they are NOT entitled to the same rights as a conjugal couple in matters of matrimonial property, real estate or custody and accommodation, except for a concubine agreement.
While couples who live together may share their lives in a similar way to a married couple with joint bank accounts, property, and in many cases children, it`s important to remember that they are not formally married. This means that life partners do not have the same rights and protections as a married couple in the event of a partner`s separation or death. Matrimonial property rights do not apply to unmarried couples. This does not mean, however, that there are no rights and obligations between an unmarried couple living together. To Watts v. Watts, the Wisconsin Supreme Court allowed the plaintiff to claim some of the property accumulated by her and her former boyfriend during their relationship. Traditional marriage can give structure and meaning to the lives of many happy couples.. .