In Michigan, authorized possession of property acquired throughout a non-marital cohabitation is set by the names listed on the title or deed. Not like married {couples}, single companions don’t routinely purchase an curiosity in property held solely of their companion’s title. For example, if one companion purchases a home and solely their title is on the deed, the opposite companion has no inherent authorized declare to the property, no matter monetary contributions made in the course of the relationship. Establishing joint possession requires clear authorized documentation, similar to joint tenancy or tenancy in frequent.
Clearly outlined property possession is essential for single {couples} in Michigan to guard particular person monetary pursuits and forestall future disputes. Whereas a romantic partnership implies belief, the absence of authorized protections afforded to married {couples} necessitates proactive measures. Traditionally, Michigan legislation has primarily targeted on the rights of married people, making it particularly necessary for single {couples} to grasp and deal with the potential complexities associated to shared property. This readability can stop misunderstandings and doubtlessly pricey authorized battles ought to the connection finish.
