| The latest figures from the Office for National Statistics shows many couples are opting to cohabit, rather than marry. In 2014, 1in 8 adults were cohabiting in England and Wales. Cohabitation can be a choice couples make for many reasons: wanting to spend more time together, adjusting to life in the same property, or for financial reasons. Whatever the reason you are choosing to cohabit, it is important to know your rights, and to know how to protect yourself and your finances, just in case you ever choose to separate. Cohabitation agreements are a great way of stating your intentions as to how you have agreed your possessions and finances will be shared while you are living in the property together. This is by no means implies that you intend to separate; in fact, this can be a method of reducing stress and financial pressures in the future as you will have already outlined who intends to pay for what, and can make a relationship more relaxed and enjoyable for both parties.
If you would like to discuss your circumstances or have any questions about cohabitation agreements, please get in touch by calling us on 0161 429 7251 or email us at [email protected]. |
