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Here's Who Gets the House When an Unmarried Couple Breaks Up

by LiveModern Webmaster last modified Nov 18, 2018 01:07 AM
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by Leeza Dennis last modified Nov 17, 2018

Listen, I love my boyfriend, but if we break up I want at least half of the stuff we've bought together. Now, this isn't too much of a worry for me right now as our only joint property is a few pieces of furniture and a dying Bonsai named Bonnie. But what if we went in together on something major like a house? In the past decade, more unmarried couples have purchased a home together than ever before. So, I know I'm not the only one asking this question—and I'm glad I'm asking it now rather than later. "I have had clients who were certain they found their soulmates, only to realize they had not," says Mark Hakim, a real estate lawyer with SSRGA in New York City. "They now have a huge problem and financial albatross." Most people don't get married because they don't want to deal with the costs of divorce (among other things, of course)—so it seems terrifying that I could spend years paying for a mortgage with my boyfriend, only to lose my investment if we broke up. What's scarier? Having an awkward conversation with your partner and discussing what life would look like if you didn't end up together or literally losing hundreds of thousands of dollars? I know the answer for me. So, to prevent all that for myself (and to help you, too), I asked some experts about the smart way to buy a house with partner—both financially and emotionally—if you're not married. Here's what they said: READ MORE »





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