Thinking of living with my Partner
I'm Thinking of Moving in with my Partner
The decision to move in with someone usually happens at an exhilarating time in a relationship. In the moment it is easy to lose sight of the fact that this decision will in time lead to the creation of legal obligations between the two of you. These various legal obligations created will happen at different points in time. It is worthwhile to find out exactly what to expect and when.
You may want to consider a cohabitation agreement. Many people are happy to make a plan from the outset about what to do if they separate. This can be especially true where one person's assets are held jointly with family members, for instance the family business.
Learning about these matters at an early stage can help you avoid a shock down the road. Even if you decide a cohabitation agreement is not for you, at least you are able to go into the relationship understanding what will happen if things come to end.
The BC Family Law Act was introduced in 2013, and it extended a great deal of new property rights to unmarried people living in a marriage like arrangement. Now more than ever, it is important to know what you are getting from the beginning so that you can avoid a terrible shock if things do not turn out.
Give us a call, we would be happy to discuss the implications of this decision, and counsel you on what steps you can take to protect yourself.