Your place or mine? Are you cohabiting because of coronavirus?
This week the Government gave couples a choice – live together or spend the next few weeks apart.
Many couples have made the quick decision to cohabit without having the opportunity to think through the pros and cons of doing so.
Couples who choose to live together and not get married are not protected in the same way. Samantha Lee of Swain & Co’s family department says, “cohabiting offers no legal protection. As this is the quickest growing household it can be a costly mistake to make. The majority of couples now live together and the law has failed to keep up”.
Separating clients often seek a financial settlement thinking they will be entitled to make a claim. This is simply not the case, and sadly is a shock to cohabiting couples. Often one person is vulnerable if the relationship breaks down particularly if they have taken a career break to raise children.
So, what can you do? Consider a Cohabitation Agreement. An agreement that is properly negotiated could prove invaluable in the event of a relationship breakdown. It could save much uncertainty and legal costs of a separation. Things such as future ownership and occupation of the family home can be covered.
If you would like further information or have any queries, please contact Samantha on 02392 483322 for an initial free chat about your options.
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