Debt Division for Unmarried Couples
In our society, it is not unusual for couples in a relationship to build a life together without ever getting married. These couples are subject to many of the same difficulties that married couples are, however, and these relationships can also come to an end. When this happens the process of separation might appear simpler, but many of the same complications exist for unmarried couples as for married ones.
If you are going through the process of ending a long-term relationship, you could benefit from the help of an understanding Austin divorce attorney, and the attorneys of KennonLegal LLP can help. Call us at 512-931-3726 today.
A long term relationship doesn’t have to be a marriage in order for a couple to have children or accumulate assets. Whether it’s buying a house or a car, when unmarried couples gather debt, they have to go about dividing this debt in a fair manner when the relationship ends.
Court decrees and legally binding documents are the only way to hold both parties responsible, even if they are in total agreement about how the debt should be shared. The same is true for child custody and other delicate issues that must be worked through when a couple decides to part ways, even if they were never legally married.
Separating from someone with whom you have lived for a long time is not easy, and the financial implications are an aggravating complication. If you or someone you know is experiencing this complicated situation, contact KennonLegal LLP. Our Austin family law attorneys can be reached at 512-931-3726.