Did you know that in Arizona, just living together doesn’t mean you have a claim for spousal support (aka spousal maintenance)? Arizona does not recognize such claims. However, when you pool your resources and income you may have a claim or interest in the pooled assets. That’s where having a Cohabitation Agreement comes in handy. It spells out whether or not you will share in each other’s assets and liabilities.
Prenuptial Agreements and Cohabitation Agreements aren’t meant to be confrontational or negative. They’re the opportunity to look at your impending life together practically, to make plans and to simplify how you approach assets, earnings and property. Consider it from this perspective, if you were about to go into business with someone, you’d dot the i’s, cross the t’s, and map out a plan. Does your love partnership deserve less than a business one?