Cohabitation Agreements
A cohabitation agreement is a form of legal agreement between two people/a couple who live together, that typically sets out how assets, property, financial obligations such as debt, or financial support, will be dealt with if the relationship comes to an end.
Are you planning on moving in with a partner but you are not married or in a civil partnership? There is a common myth regarding ‘common law marriage’. However, unless there is proof of joint ownership, cohabiting does not entitle you to the same legal rights as married or civil partnership couples. This means that if you live together or have shared assets, this can lead to uncertainty or disputes upon separation.
Without a Cohabitation Agreement, one party could end up with nothing, so it is essential to have the necessary documents to protect both parties.
These documents outline financial responsibility while living together and what will happen if one of you dies, gets sick, or the relationship ends.
Speak with our Family Law team today:
020 8852 4433
familylaw@beverleymorris.co.uk
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Cohabitation Agreement Solicitors in Blackheath
Beverley Morris & Co.’s expert team of family lawyers have considerable experience in drafting and negotiating Cohabitation Agreements and understand the complexity and sensitivity around cohabitation matters. There are many reasons why a Cohabitation Agreement could be the right option for you, including:-
- If you want to divide your assets the same way a married couple would.
- You may want to distinguish who pays which bills or debts.
- To deal with spousal support, one partner may be financially stronger than the other.
- What would happen in the event of a death.
We will provide clear, practical advice with a tailored solution that is right for your circumstances.
We will guide you through the whole process and clearly outline the financial responsibilities of both parties such as how finances might be used to manage your home and what will happen if the relationship ends. A Cohabitation Agreement can be set up at any time to control and protect your assets.
We can also put you in touch with our specialist Private Client team who can discuss with you the importance of other legal documents such as Wills and Lasting Powers of Attorney.
Our Family Law Team
Our Family Law Team in Blackheath, London will be happy to speak with you regarding all areas of Cohabitation Agreements. You can find out more about our team by clicking on the links below.
