Create some legal protections covering the decision to live together.
The legal remedies available to unmarried couples are not as clear-cut as for those who are married. So decisions about finances, healthcare wishes, property rights, and after-death asset transfers should be documented in advance. Man-and-woman couples or same-sex partners can create peace-of-mind in just a few minutes with this Cohabitation Agreement document software from DIY Legal!
It's easy for financial situations to get out of control. Sometimes it begins with the loss of a job, where income levels change dramatically. Or perhaps it's the death of the primary wage earner in the family, where the rest of the family can no longer meet the obligations that were taken on previously. Or maybe it's a significant change in the economy, or a consistent debt pattern that has finally spiraled out of control.
Whatever the reason for deep, ongoing financial issues, there often comes a time when enough is enough. Creditors call constantly, the debt load and related interest continues to increase, and there is no apparent way out of the situation. Thousands of people and families just like you experience this exact same type of financial difficulty each year. And while it is never an easy decision, sometimes the filing of a bankruptcy is the best decision.
If you decide to proceed with the filing of bankruptcy, then DIY Legal's Bankruptcy legal forms software package is the most effective do-it-yourself solution available for either an individual filing or a joint filing with your spouse.
Cohabitation Agreements have become the legal vehicle of choice for those living together as partners without the benefit of a formal or legal marriage.
A Cohabitation Agreement is a written contract entered into by two people prior to living together. The Agreement addresses the various financial and/or property issues that may arise during the cohabitation or relationship of the parties that must be resolved if the relationship ends. Reaching agreement on these difficult issues before they arise (and while the parties are not involved in disagreements or potential hostilities) can ease the stress and anxiety that often arises should the relationship reach that end.
There are two Cohabitation Agreement legal forms provided with this software; choose the form that best meets your needs:
- Cohabitation Agreement with Specific Percentage Contribution;
- Cohabitation Agreement with Equal Contributions.
LIVING WILL - ADVANCED HEALTH CARE DIRECTIVE
This software contains an Advanced Health Care Directive, which is both an evolution as well as a compilation of the traditional elements of a Durable Healthcare Power of Attorney and a Living Will. An Advanced Health Care Directive can be used to make known certain decisions and preference with regard to health care and life ending situations in a Life Partnership.
An Advanced Health Care Directive allows you to tell your doctor and your family members what kind of care you would like to have if you become unable to make medical decisions for yourself -- and what types of healthcare you would NOT like to have performed. The Advanced Health Care Directive allows you to designate more specifications than the traditional Living Will, which typically announces only your desire not to receive life-sustaining treatment if you are terminally ill or in a permanently unconscious state. An Advance Health Care Directive allows you to appoint someone you trust to speak for you when you are incapacitated.
The Living Will portion of the accompanying document allows the Principal to request that artificial life-sustaining procedures be withheld or withdrawn when he or she is unable to make responsible decisions regarding medical care.
The software also contains a Durable Power of Attorney for Property, which allows the Principal the opportunity to designate a trusted advisor to handle the financial and property aspects of his or her life should a medical emergency or long-term situation arise.
DIY Legal also includes a Notice of Final Disposition document. This document allows you to describe your wishes as they pertain to funeral arrangements and the disposition of your bodily remains. Using this document permits you to declare your desires while you are alive for specific funeral arrangements and burial or cremation (or other processes) after death. This document should be provided to your loved ones now, relieving them of having to make these choices during a difficult time. If there is no Final Disposition document prepared in advance, the law in the state where you die generally determines who will decide how the remains are handled. This document allows you to make your wishes known in advance!
By using all of these documents wisely, a person can prepare specific, detailed instructions for his or her family, partner and friends that will let them know exactly what to do should a healthcare emergency arise.
LAST WILL & TESTAMENT
This DIY Legal Software package allows non-married partners to quickly and easily create a comprehensive Last Will and Testament document that is tailored specifically to the partner's situation. In almost every state, a non-married partner will usually not receive any of the testator's property unless that person is named in the Will. As such, unless you create a Will providing that your property (some, part or all) and assets be provided to your Life Partner, your non-married partner may receive nothing under the law. As such, a Will is a powerful tool to allow your wishes to be fulfilled.
Types of Wills Provided in this Software:
- Will for Single Person with Children, Property to Children;
- Will for Single Person With No Children, Property to the Persons Named in the Will;
- Will With Specific Gifting Provisions;
- Will Directing Sale of Assets and Payment of Proceeds to Beneficiaries.
QUITCLAIM & SURVIVORSHIP DEEDS
If you need to transfer the ownership of real property from one person to another, you will need to prepare, sign and file a deed. A deed acts as the document showing the transfer of a piece of property from one person or party to another. Deeds can transfer property from one Life Partner to both Partners, or directly to the other partner if that is the wish of the property owner. To be effective, the deed must be filed or recorded with the recorder's office or real estate office in the county where the property is located. There is usually a fee for filing the deed and transferring the property.
Types of Deeds provided with this software:
- Quitclaim Deed;
- Survivorship/Joint Tenant Deeds.