Nowadays, couples are just as likely to live together and have children as they are to get married. However, statistics show that cohabiting couples are also far more likely to separate than those who are married.
A cohabitation agreement gives cohabiting couples - or couples considering living together - the opportunity to clarify how they intend to own property or acquire an interest in such, and also provides for the ways in which they would deal with their financial affairs if they were to separate.
The decision to live with someone is huge and should be considered carefully. To ensure you are fully informed of everything before moving in, will ensure you and your assets, and the assets of your partner are protected should anything go wrong
There may be no dispute, but some clients wish to draw up a cohabitation agreement to clarify the ownership of shared assets. Whether there is or is not an agreement in place, you should seek practical advice and legal assistance after a relationship has broken down in order to clarify entitlement.
Four out of five people believe that cohabiting couples have the same rights as married couples. However, this is not true. The law is in a constant state of change as courts wrestle with adapting the law to modern society. Currently there is no specific legislation providing for cohabitees’ rights and often a party is left disadvantaged as a result. Couples keen to avoid this legal minefield should consider a cohabitation agreement to protect themselves and their assets.
Needing the advice of a solicitor can be daunting, especially when it involves your family. You need the advice and expertise of a trusted team to guide you through your case, offering a helping hand and sometimes a shoulder to cry on. Our team are here to help.
To speak to a member of our team, contact us today on 01740 646000, or fill in our online enquiry form and someone will be in touch.
Call: 01740 646000
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