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Cohabitation
Cohabitation Agreements
A Cohabitation or living together agreement formalises financial arrangements and helps offer financial certainty for the future as well as preventing the stress and expenses of court proceedings in the event of separation.
A lot of people are still under the misapprehension that a common law marriage exists. This is not the case. A common law marriage is a myth and you will have no legal protection in the event of separation.
In the event of a separation, the law of property and trusts will apply but the court will not have any power to readjust property rights as it does in the case of a divorce/dissolution of civil partnerships. It is therefore important to get advice before entering into such a living arrangements.
COHABITATION AGREEMENTS
A Cohabitation or living together agreement formalises financial arrangements and helps offer financial certainty for the future as well as preventing the stress and expenses of court proceedings in the event of separation.
Cohabitation Agreements can legally binding and enforceable, giving you real peace of mind and security for the future. We have particular expertise in relationships where one or both parties has significant wealth.
How to make it legally binding and enforcable?
If the agreement is entered into freely, with both parties receiving independent legal advice, and the document is drawn up by a qualified lawyer, then it is likely that the courts will enforce the agreement.