Many couples believe that if you are living together, you have the same rights as married couples. But that’s simply not true. The concept of ‘common law’ marriage does not exist. So if you split, it can be very complicated to divide up your finances and jointly-owned property, and make arrangements for children.
For complete security and peace of mind, we can help you enter into a legally binding cohabitation agreement that sets out a shared vision for the relationship and what would happen should it end. Then, if the worst should happen, it will be simple and straightforward to separate your assets, without the need for lengthy, costly litigation.
How we support you:
- Help you review your joint assets.
- Draft and agree a cohabitation agreement.
- Make a declaration of trust for your property.
- Put in place arrangements for children.
Safeguard your future
Whether you are just considering moving in with someone or you’ve been together for a while, it’s never too late to establish a cohabitation agreement. We can explain your situation as it stands, then take you through all the options to help protect your financial interests, drafting a watertight agreement that avoids disputes later.
FAQs
Is there such a thing as ‘common law marriage’?
No. Living together does not create the same legal rights as marriage.
What happens to our property if we separate?
That depends on ownership and the financial contributions made.
