Products tagged with 'joint property agreement'

TX property owners, avoid probate proceedings with respect to your community property with this Texas Community Property Survivorship Agreement.

• The agreement is between two spouses, pursuant to the Texas Probate Code XI(3), section 451.
• Upon the death of a spouse, title to all community property held by the spouses will immediately vest in the surviving spouse.
• The agreement automatically terminates if the marriage ends.
• As long as both spouses are alive, the property remains community property.
• The agreement revokes all prior community property agreements.
• The agreement must be filed in the county records in order to take effect.
• This legal document template is provided in MS Word format and is easy to edit and print.
• Intended for use only in the State of Texas.

This Canada Asset Acquisition Agreement for a jointly owned asset sets out in writing how the asset will be dealt with if you and your spouse / partner break up.

• The Agreement can be used to cover all substantial assets you purchase together (such as a home, vacation property, boat, RV, family vehicle, etc.).
• Each spouse agrees to pay half of the purchase price, but if one spouse cannot make a payment for any reason, the other spouse can make the payment and his/her interest in the asset will be increased to reflect the amount of the payment.
• If the marriage or relationship breaks up and the parties are unable to come to an agreement regarding ownership of the asset, the partners agree to submit the matter to a mediator, and to abide by the mediator's decision.
• This legal agreement can be used in any Canadian province or territory.

If you and your partner split up, you want to be sure that your jointly owned property is fairly dealt with. Download the Canada Asset Acquisition Agreement for Jointly Owned Asset and sign it before you make that big ticket purchase.

Are you purchasing a substantial asset (such as a real estate property, a vehicle, boat, etc.) in Canada separately from your spouse or partner? You should sign this Asset Acquisition Agreement before you do so.

• This is a legal document which sets out in writing that you will be purchasing the property and making all the payments solely on your own.
• Your spouse/partner acknowledges that you will have sole ownership and waives any claims or rights that he or she might have by law with respect to the asset.
• This Agreement can be used in any Canadian province or territory.
• Download the agreement and sign it before you make that purchase. Otherwise you could lose part, or even all, of your share if you and your partner split up.
• Available in MS Word format.

If you and your partner live in B.C. and want to keep specific assets as separate property, you need to sign a Cohabitation Agreement in accordance with the British Columbia Family Law Act.

• Couples who decide to live together instead of getting married do so for a reason. The Family Law Act may offer you additional rights and protections in some regards, but it may also impact your rights regarding your own separate property.
• This Cohabitation Agreement allows you to specify which separate assets belong to which party, and which assets and property are jointly owned by both partners.
• You can decide what will happen to your jointly owned assets if and when you separate and the relationship ends.
• The two of you can also determine how your children will be raised, cared for and supported.
• You will need to meet with a lawyer so that each of you can obtain independent legal advice before signing the Agreement.
• Signing a Cohabitation Agreement is a wise move. Download yours today, and discuss it with your lawyer so you know how the Family Law Act affects you.
• This legal document is only to be used in the Province of British Columbia, Canada.

Manitoba law treats common law relationships of 3 years or longer the same as legal marriage, and you could end up losing all or part of your separately owned assets if you separate. You should consider signing a Manitoba Cohabitation Agreement.

• The purpose of a Cohabitation Agreement is to determine who owns what, how jointly owned property will be distributed if the relationship ends, and what each partner's responsibilities are to raise and support their children.
• Whatever assets a partner brought into the relationship will continue to belong to that partner. The other person has no ownership interest in them.
• Any assets that were purchased jointly during the relationship would be divided equally between the partners if they decide to break up.
• Both parties are responsible for raising and caring for the children they have together.
• You must both get independent legal advice from a lawyer before you sign. The document includes a Certificate of Independent Legal Advice for the lawyer to sign after seeing you.
• Available in MS Word format.
• Intended to be used only in the Province of Manitoba, Canada.

The New Brunswick Marital Property Act does not apply to common law couples unless they have signed a domestic contract. That's why you and your partner need to sign a Cohabitation Agreement.

• This Agreement sets out each partner's legal rights and obligations with respect to child support, estate rights and jointly and separately owned property.
• Each partner continues to own the assets he/she brought into the relationship, and any assets acquired during the relationship are jointly owned by both partners.
• Each partner is solely responsible for his/her own debts and financial obligations.
• The partners agree to jointly raise and support the children they have together.
• Each partner waives any right to any inheritance left to the other partner by a will or under the laws of succession.
• This document comes with a Certificate of Independent Legal Advice for each partner. You must see a lawyer and get independent legal advice before you sign the Agreement.
• Intended for use only in the Province of New Brunswick, Canada.