Is a cohabitation agreement worth it?
Many couples across the country are now living together but remain unmarried;...
The number of unmarried couples living together has dramatically increased in recent years. These types of couples are known as cohabiting families, and are the fastest-growing type of household in the UK.
In contrast to couples who have tied the knot, unmarried cohabiting couples have no legal rights if they separate. This means that, without the right legalities in place, one of them could be left with nothing if they separate.
As a result, an increasing number of cohabiting couples are signing Cohabitation Agreements.
What is a Cohabitation Agreement?
A Cohabitation Agreement sets out the arrangements which will apply while the couple are living together, as well as establishing rights if the relationship unfortunately breaks down.
The Agreement usually cover issues including the ownership of property, paying bills, liability for debts, ownership of bank accounts and cars and what happens to possessions if the relationship comes to an end.
Get in touch
Whilst this eventuality may be the last thing on your mind when moving in with a partner, the team at Myers&Co are here to provide you with legal services to reassure you that if your relationship breaks down, matters will be dealt with fairly.
We advise that both parties seek legal advice before entering into an agreement.
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