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Divorce Guide |
Unmarried cohabitants splitting upA marriage, as statistics say has almost a fifty percent chance of being ending up in a divorce. Divorce is no doubt an exhausting experience both mentally and emotionally and physically tiring as well. A marriage also incurs huge money spending, be it on the venue food and other expenses or the shopping spree before and after marriage. So, couples today instead of going through the long and cumbersome, and not to mention expensive process of marriage, choose rather to just live together as cohabitants. These relationships are also commonly known as live-ins. Live-in relationship is rather more comfortable and easy way of living as one is essentially not bound to the social structure and norms and hence can exercise more freedom of choice and live on his/her own terms. At the hour when they decide to part away, then crops up the problem of splitting up in a fair manner. As divorce, splitting up of two cohabitants is not very well known in the public domain. Its technical aspects are also still much under a veil from the public. Now, once the waters have stirred up and the final decision to part with each other has been made, starts the whole hullabaloo. The legal papers, division of assets, lawyers’ fee, financial advisors et al. everything happens just as in case of a divorce. As the cohabitating individuals are not considered as married couples in the eyes of the law, much depends on the cohabitation agreement signed between the two while the things were gay and happy. Major problems and disputes arise in the matters relating to land, real estate property, the shared home, bank accounts, and other financial promises such as loans, etc. In case of the land holdings all depends on how and with what agreement type the land was bought from the owners. In case of money matters and other financial matters most of the things depend on the mutual agreements and on the cohabitation agreement, if signed. The basic and most helpful tip to avoid any kind of future grudges or any disputes left is to communicate well among each other. It is essential to keep talking with each other and discussing things out in a just manner. The discussions must take place with a common trusted mediator, lawyers and advisors, and elders from the family of both the cohabitants. It is essential and important to get hold of a good solicitor who can acquaint you with all the local laws and rules. He can also see and protect the rights of the parties involved. A financial expert may solve the queries relating to money matters in a fair manner. Either the two parties can have their separate professionals or mutually trustworthy legal and financial expert can be called upon to save some money.
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