Figures from the office of national statistics has indicated that the number of cohabiting couples has increased by 22% over the last 10 years. That roughly equates to 3 million cohabiting couples in the UK. The number of lone parents has increased over the last ten years by 12%. If you are looking at sharing with your partner, rhw would suggest considering looking at a cohabitation agreement to protect your interests:
What is a Cohabitation Agreement?
- a contract between two people setting out what will happen to their assets in the event that the relationship ends
Are Cohabitation Agreements legally binding?
- no but provided certain criteria complied with Court can be persuaded
- full and frank financial disclosure
- drafted by solicitors – meeting contract criteria
- both parties have received independent legal advice
What can Cohabitations Agreements Cover?
- rhw can draft an agreement to meet your needs
Are Cohabitation Aagreements worth Entering Into?
- yes, for a wealthy party
- provide clarity and certainty avoiding future dispute
You can read more in our article on Cohabitation.
For related matters, do take a look at our family law section.