Thursday, May 20, 2010
Minnesota has a “Cohabitation Statute” (Minn. Stat. s. 513.075) stating that a contract between a man and a women who are living together out of wedlock may be enforced as it deals with property and financial issues so long as the contract is
Signed by the parties
The parties seek enforcement after the relationship ends.
If the parties fail to properly execute a written agreement, the courts may not hear any disputes related to any financial or property disputes that may arise out of a claim based on the fact that the parties lived together in a sexual relationship and out of wedlock. The statutes specifically address cohabitation agreements between opposite-sex couples. So, what may a same-sex couple do to protect property and assets upon contemplation of moving in together?
From within Hennepin County Unique Estate Law represents estate planning and elder law clients throughout Minnesota, including Minneapolis, Edina, Bloomington, St. Louis Park, Minnetonka, Plymouth, Wayzata, Maple Grove, St. Paul, and Brooklyn Park. The Minnesota law firm of Unique Estate Law focuses on all aspects of estate planning, including specialized wills, trusts, powers of attorney and medical directives for married couples, young families, blended families, single parents, gay families and those going through a divorce. Unique Estate Law also handles probate administration, asset protection, Medical Assistance planning, elder law, business succession planning, adoptions and cabin planning.