Joint
Sunday, April 20th, 2003By Forrest E. Pettengill III
Couples need to be aware of what it means to own property together and if it is in their best interest. There is no simple solution that fits every relationship. By learning the rules ahead of time, your financial situation will seem less daunting and everyone will be more at ease when you figure out what makes better sense for you.
Many gays, lesbians and other unmarried couples who’ve been together for some time usually unite as one unit under one roof. Sometimes one partner already owns a house and it’s natural that the other partner migrates there to live. Maybe neither own a home and they decide to purchase one together.
Of course, this allows for more time with one another and a sharing of the bills. One of you will probably take the role of being the “bill payer” and you start buying things together. One of you is bound to have a pet already but nevertheless you purchase one together. Your first pet together. Your child. Your family is starting to grow and gain roots. (more…)