If you`re considering moving in with your partner, it`s important to consider creating a cohabitation agreement. This document outlines the rights and obligations of each partner in case of separation or other unexpected events. But, how much does a cohabitation agreement cost in Ontario?
The cost of a cohabitation agreement can vary depending on several factors, such as the complexity of the agreement and the lawyer or legal service provider you choose. The average cost of a cohabitation agreement in Ontario can range from $500 to $2000. It`s always important to ask for a quote before hiring a lawyer or legal service provider to ensure you know what to expect.
In addition to legal fees, there may be other costs involved in creating a cohabitation agreement. For example, you may need to pay for notary public services to ensure the document is legally binding. There may also be additional fees if the document needs to be revised or updated in the future.
While the cost of a cohabitation agreement may seem steep, it`s important to remember that this document can protect you and your partner in the long run. Without a cohabitation agreement, assets and property may be distributed according to Ontario`s family law rules, which may not align with your wishes.
When searching for a lawyer or legal service provider to create your cohabitation agreement, it`s important to find someone experienced in family law and knowledgeable about Ontario`s laws and regulations. Look for someone who will take the time to understand your particular situation and work with you to create a customized agreement that meets your needs.
In summary, the cost of a cohabitation agreement in Ontario can range from $500 to $2000, depending on the complexity of the document and the legal service provider you choose. While the cost may seem high, it`s important to consider the long-term benefits of having a cohabitation agreement in place. Make sure to find a knowledgeable and experienced lawyer or legal service provider to guide you through the process.