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Tag Archives: cohabitation agreement

DuPage County family law attorneysDivorce rates for the American population have been on the decline for several years now, but until recently, no one really understood why. After an analysis from the University of Maryland, experts believe the decline can be directly attributed to the millennial generation. However, it is not just the divorce rate that this demographic is influencing; they are also doing marriage very differently than their predecessors. Learn more in the following sections, including how a seasoned family law attorney can help you protect your marriage, should a divorce ever occur, or assist you in pursuing a favorable outcome in a pending Illinois divorce case. 

Millennials and Marriage

The institution of marriage was once a way of life, what was expected of younger people when they left home. Sadly, those marriages often ended in divorce, either because the parties faced irreconcilable differences or simply decided that they were no longer happy or compatible. Some of those divorcees eventually remarried again; a fair percentage of those marriages also ended in divorce. Millennials are doing things a little differently. Many are waiting until they have an education and career in place before tying the knot - if they decide to do it at all. As a result, they are inherently less likely to divorce. Millennial couples are also signing prenuptial agreements at an almost unprecedented rate, which is helping to protect parties if a divorce does later occur. 

Millennials and Divorce

Although divorce has risen for some of the population (particularly those aged 55 or older), millennials are divorcing at a much lower rate than previous generations. Experts say that part of this could be attributed to their waiting so long to marry, but there are likely other factors at play as well. Higher education and income levels are common among married millennials; both have long been associated with a lower risk of divorce. Much of the poorer population is deciding to cohabitate, rather than marry, which is making it more of an institution for the “elite.” Some may see this as a negative, but there are some benefits - so long as the cohabitating parties have taken steps to protect themselves, should the couple decide to call it quits (i.e. establishing parentage for any shared children, having a cohabitation agreement that addresses how assets, leases, and other aspects of separating will be handled, etc.). 

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DuPage County family lawyer, cohabitation agreementMany couples decide to live together without getting married—one partner may have already divorced and does not want to remarry. When couples decide to cohabitate, there are several legal and financial decisions that the couple needs to decide.

Illinois marriage law gives spouses certain rights, and if a cohabiting couple wants similar rights, they must establish these rights through a cohabitation agreement. A cohabitation agreement can help you and your partner decide what happens during your relationship and if it ends.

Why Would We Need a Cohabitation Agreement?

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Abraham Lincoln A lawyer’s time and advice are his stock and trade. -Abraham Lincoln
Davi Law Group, LLC handles family law, estate planning and real estate matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Kendall County and Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Carol Stream, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lisle, Lombard, Naperville, Oak Park, Oak Brook, Oswego, Park Ridge, Roselle, St. Charles, Villa Park, Warrenville, Wheaton, Winfield, Woodridge and Yorkville, Illinois.
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