If there is an agreement on cohabitation, the parties must formally terminate the contract, usually by sending a recommendation. At the end of the contract, the parties must distribute each common property in accordance with the terms of the cohabitation agreement. -If you separated and had children, then the submission would not be automatically ordered, unless another agreement was reached. If you want your partner to be (also) your heir, you must have a will in which you register it. If your partner inherits you, it can make a substantial difference whether or not you have a life contract and for the exemption from inheritance tax and the percentage of tax that must be paid (for the amount greater than the exemption). In the absence of a tax contract, only a small amount is exempt from inheritance tax. In this case, thirty to forty per cent of taxes are levied on this amount. However, in the case of a cohabitation contract, an exception applies up to a much higher amount. In addition, 10 to 20% of taxes are paid. The cohabitation agreement may stipulate that the co-ownership belongs to the longest living. Many couples make an official life pact when they buy a common home or have children.
In some cases, the cohabitation agreement is similar to a conjugal agreement in its provisions. A cohabitation contract can be drawn up by a notary, but the parties can also write their own. When jointly buying a home, couples usually have an official agreement with a notary. Often, when people start having children, one of the partners will work less. Sometimes both partners choose to work fewer hours. As a result, the person who works less automatically has a lower income and a reduction in pension coverage. Compensation in the form of an income agreement and/or support may be counted in a cohabitation agreement. A cohabitation agreement and a will protect the remaining partner after the partner`s death from the rights of the children.
They may decide that children will not receive their inheritance until after the death of their surviving partner. A notarized cohabitation agreement gives you a significant exemption if you inherit your partner. A will must be drawn up for you to inherit your partner. When it comes to cohabitation, the biological mother automatically has parental responsibility. Your partner can take parental responsibility by recognizing the child and seeking joint parental responsibility. Of course, it is possible to live together as a couple without official agreement. However, please note that cohabitation, even without formal agreement, will have some impact on the rules of certain institutions, such as the Dutch tax authorities. For example, cohabitation with someone could affect your benefits, allowances and tax returns.
– After a while, you will buy new things. With every (big) purchase, like a TV or a car, you should change the contract. Unless you agree that everything you buy after signing a cohabitation agreement is a common property. A cohabitation contract has many advantages, but also a number of drawbacks. By law, a child is always the child of his mother. However, if the parents were not married, a child is not automatically considered the father`s child.