Cohabitation is an arrangement where two people who are not married live together in a romantic relationship and/or sexually intimate relationship on a long-term or permanent basis.Cohabitation usually refers to unmarried couples who live together without formally registering their relation as a marriage.Such arrangements have become increasingly common in Western countries during the past few decades, being led by changing social views, especially regarding marriage, gender roles and religion.n Greece, family dynamics remain conservative. The principal form of partnership is marriage, and extramarital childbearing and long term cohabitation are not widespread. For instance, in 2012 only 7.6% of births were outside of marriage, which is the lowest percentage among the European Union member states.
Besides revocability, you'll need to consider the timing of the transfer and the associated implications. A living trust (sometimes called an inter vivos trust) is one created by the grantor during his or her lifetime, while a testamentary trust is a trust created by the grantor's will. Only a funded living trust avoids probate court. In a testamentary trust, property must pass into the trust by way of the will and, thus, must go through the probate court process. Similarly, an unfunded living trust technically does not exist until it receives some assets.
Living Trusts. A living trust is a legal entity that holds title to and manages assets for an intended beneficiary. A living trust is distinguishable from other trusts in that you, as the grantor, can make changes to the trust or revoke it entirely during your lifetime.You can also act as the initial trustee of your living trust.iving Trust as Part of an Estate Plan. If you decide that hiring an attorney is the way to go, you will likely get more for your money than just the living trust. Living trusts are most often used as part of a comprehensive estate plan that can include wills, powers of attorney and health care directives.