The Perils of Purchasing Property for the Unwed
While people are waiting longer to marry these days, they’re not necessarily waiting to co-habitate. And while in most cases this means splitting rent, some couples consider buying. The motivations for purchasing property for an unmarried couple are similar to those of a married one. Many are seeking to share expenses, build equity, and perhaps are driven by an emotional need for stability, etc. But what happens if the relationship goes sour, as relationships can do? With married couples the answers are, for the most part, resolved in a divorce proceeding. Not so for the unwed. For their own sake, … Continue reading →