For many couples, it has become the right time to consider taking their relationship to the next stage by moving in together. But perhaps you have concerns about what impact, if any, this may have on the ownership of your property or other assets. We can provide advice regarding your rights, any concerns you may have and what steps you can take to protect your assets.
For many couples, this is not an initial thought when the excitement takes the lead in much of the decision making. It is crucial to assess what your individual circumstances may require, in the event of your situation changing. These agreements are often put into place for unmarried couples choosing to share a home for the first time.
This legal documentation can set out arrangements for property, finances and children while living together in case the relationship comes to an end or one of you becomes ill. It is extremely effective if you decide to have children or get a mortgage in the future.
However, these cohabitation agreements do not always have to be between people romantically involved. It can be between friends or siblings who have chosen to live together and are interested in protecting their personal assets.
We would suggest preparing a ‘living together agreement’ (also known as a cohabitation agreement). If you would like to discuss this further, please get in touch with one of our team for a free initial telephone appointment.