With the divorce rate at fifty percent, more or less, many individuals who recouple decide that being “nonmarried” feels more secure and even more committed than remarrying. Still, more and more couples are coming into Janet Miller Wiseman Mediation and Counseling Services to design Mediated Cohabitation Agreements.
In these agreements, couples design their financial arrangements. The circumstances of one pair was that he moved into her condominium from a rent-controlled apartment where the rent had been kept very low. The couple decided to keep their finances separate, with a joint account for living expenses, into he would enter a disproportionately lower amount for rent. Because there were no children involved they may each other the beneficiaries of their retirement accounts, along with their siblings as primary beneficiaries.
The couple designed a section on household chores, household furnishings, and physical exclusivity. It was a custom-designed Agreement that looked like no other Mediated Cohabitation Agreement.