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th ei fp .c a Th e IF P -H al to n H ill s | T hu rs da y, Ju ne 14 ,2 01 8 | 32 When is a Cohabitation Agreement needed? ASK THE PROFESSIONAL The advice offered in this column is intended for informational purposes only. Use of this column is not intended to replace or substitute any professional, financial, medical, legal, or other professional advice. We work for you. legal matters Q A Cohabitation Agreements Helson Kogon Ashbee Schaljo &Associates LLP is a firm of 9 Lawyers. We trace our firm back to 1885 in Georgetown, Ontario Frederick A. Helson (retired) Allan W. Kogon David J. Ashbee John E. Schaljo Mark T. Rush Steven D. Kogon Caley E. Power Jessica A. Krause Jasmine M. Spudic Nicole E. Kucherenko Nancy L. Carnwath (retired) In unmarried second relationships we often see both parties own a home and they sell one to move into the other. Good financially, as long as you remain together. However, if you separate 5 years later the person who sold their home is often at a distinct disadvantage. The person who owns the home keeps the home, along with the equity that has grown with the rising market. The person who sold their home often has spent their equity on life (vacations, a car etc.). Where one parties' assets have grown the other's have disappeared. The problem is solved by a cohabitation agreement drafted when you are about to move in together, that asks the question when I sell my home and we spend my equity, what happens if we separate. The fair answer can be the subject of the cohabitation agreement. Helson Kogon Ashbee Schaljo &Associates LLP Barristers and Solicitors 132 Mill Street, Georgetown, Ontario L7G 2C6 Coming soon to 35 Mill Street East, Acton, Ontario L7J 1H1 Tel: (905) 877-5200 Email: info@helsons.ca Web: www.helsons.ca David J. Ashbee A new cemetery for the general public is taking shape for residents in Halton Hills and their families. Devereaux Cemetery is located in a quiet country setting on the 17th Side Road, just west of Trafalgar Road. It's adjacent to the Holy Redeemer Cemetery and open to people of all religious faiths. Contact us for information about available interment options, either at time of need or in advance. 905-877-8500 l www.devereauxcemetery.ca Owned and operated by The Roman Catholic Episcopal Corporation of the Diocese of Hamilton Call now for a preview of the next generation of hearing aid technology! Georgetown's trusted choice for hearing care 360 Guelph St., Unit 44 Georgetown (In the Knolcrest Centre) 905.877.8828 Experience the latest in Hearing Aid FREE consultation 90 day RISK FREE trial Armstrong Ave Delrex Blvd Technology