From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 167766 Buy a Home With Someone Other Than a Spouse Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to co-owning a home with someone other than a spouse, such as a friend or significant other. Even the strongest relationships can be strained by the pressures of shared living and financial responsibilities. In addition to disagreements over lifestyle choices, finances, and property maintenance that may arise in a co-ownership situation, owning a home with a nonspouse can raise legal issues. Expectations should be set from the start—ideally, in a written agreement. To ensure a successful co-ownership experience, it is essential to have open and honest discussions with your potential co-owner(s) about financial contributions, exit strategy, death or incapacity, usage and responsibilities, and dispute resolution. Schedule an appointment to learn more. From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 167766 Buy a Home With Someone Other Than a Spouse Rising housing costs, the desire for companionship, and the need to share resources are increasingly leading buyers to co-owning a home with someone other than a spouse, such as a friend or significant other. Even the strongest relationships can be strained by the pressures of shared living and financial responsibilities. In addition to disagreements over lifestyle choices, finances, and property maintenance that may arise in a co-ownership situation, owning a home with a nonspouse can raise legal issues. Expectations should be set from the start—ideally, in a written agreement. To ensure a successful co-ownership experience, it is essential to have open and honest discussions with your potential co-owner(s) about financial contributions, exit strategy, death or incapacity, usage and responsibilities, and dispute resolution. Schedule an appointment to learn more.
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