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Colorado Estate Planning Blog

Wednesday, April 20, 2016

Common Law marriage in Colorado

Colorado has common law marriage, which can cause legal nightmares when an unmarried couple breaks up or one of the partners dies. You should consider signing a Cohabitation Agreement with your significant other if you live together to avoid the inadvertent appearance of marriage. The agreement can spell out the consequences of a break up or the death of a partner, avoiding costly and protracted legal proceedings.

      It will save you some money in the long run, because the Cohabitation Agreement allows the individuals to determine in advance who will keep specific assets and what will happen to assets that have been purchased jointly if they separate or die. Cohabitation Agreements can also help you protect any assets that you may have (e.g. inheritance, property owned prior to the relationship) in the event that your ex-partner tries to say they have claim to your assets upon a breakup or death. They are useful tools to have BEFORE or shortly after you start living together. Just to keep things clear.




Sommers Law Group, LLC assists clients with Estate Planning, Estate Administration, Asset Protection, Advanced Estate Planning, Planning for Children, Special Needs Planning and Pet Trusts in Lakewood, Colorado and throughout Denver, Jefferson County, and Arapahoe County, Colorado.



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