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.
A revocable trust and living trust are separate terms that describe the same thing: a trust in which the terms can be changed at any time. Trusts Explained. A trust is a separate legal entity a person sets up to manage his assets. Once assets are placed inside a trust, a person known as a trustee manages them.