Legal Considerations for Unmarried Couples in Colorado
Unmarried couples in Colorado should take steps to protect and secure their legal rights. The most effective way to do this is through a cohabitation agreement, which sets out the rights and responsibilities of both parties. In the case of unmarried couples living together, there are many important legal considerations that need to be taken into account.
The most important legal concern for unmarried couples living together in Colorado is that the state recognizes common law marriage. This means that the relationship status of a couple who lives together may involve legal rights, including rights to property, shared assets, legal documents, and more. This is why it’s essential for unmarried couples to take steps to protect themselves and their assets prior to or during the period of living together.
One of the most important documents for an unmarried couple is a cohabitation agreement. This contract establishes both partner’s rights, responsibilities, and expectations. It outlines how the couple manages finances, such as how to divide expenses, managing joint accounts, and how to handle assets or debts. It also establishes both partners’ rights and liabilities if the couple decides to part ways, allowing both to separate without fear of debt or financial loss.
A second document couples should consider is called a designation of domestic partner. This form allows unmarried couples to register with the state of Colorado and register themselves as a domestic partner. This allows unmarried couples to apply for benefits, such as health care and insurance, and other benefits that married couples may receive.
Finally, it’s important to ensure that all legal documents are up to date. This includes updating wills, updating power of attorney, and ensuring all other relevant documents are accurate.
For unmarried couples living together in Colorado, it’s essential to consider all of the laws and regulations that could affect the partnership. By taking the time to create and review all the necessary documents, unmarried couples can protect themselves and each other, ensuring they have the proper rights and responsibilities in case the relationship ends.
If you have any questions about your legal avenues as an unmarried couple, contact our experienced team of family law attorneys today at 303-261-8111.