Unmarried couples that live together often behave just as married couples do, sharing responsibilities and caring for their children and home in much the same way. Yet despite around a quarter of cohabiting couples believing they have the same financial protections as married or civil partner couples, this is actually not the case.
Non-married couples have no such rights, regardless of whether they’re living together or not. A cohabiting couple that separates could see one partner left in a severely disadvantaged position, even if they financially contributed just as much to making the relationship work.
These issues can become especially difficult if there are children involved, and the end of the relationship can result in one partner being left without a home, separated from their kids, and without any real income or savings.
This is why cohabiting couples are advised to make a cohabitation agreement about their financial circumstances. Not only will this cover finances, debts, property, and how the children will be financially provided for in the event of a separation, it also gives both parties the peace of mind that comes with knowing you’re prepared for the worst.
If done correctly a cohabitation agreement can allow you the freedom to give the relationship your all, safe in the knowledge you’ll be protected should the worst happen.
If your cohabiting relationship breakdown and there is no cohabitation agreement, we offer advice and guidance on your rights once the relationship has ended.
The family law team at Robertsons Solicitors are here to assist you with every element of your cohabitation agreement, as well as advise you on your property options if a separation occurs without any agreement in place.