Living together and buying property together are now common place. The only trouble is, those involved often know little about what could happen if the relationship were to come to an end, and some people can be hugely unprotected in the event that it does.
If you are thinking about moving in with your partner or buying a property together, it is best you lay down plans to make sure that should things not go as planned, and the property and contents need to be divided, there’s an understanding of how that split would work.
While this may look like an unnecessary or even pessimistic step, the truth is that getting agreement on this at the outset may well save you an enormous amount of time and expense later. Relationship breakdown can be a testing and emotional enough time and having uncertainty about how your assets will be divided on separation can cause even more stress at the time of break-up. You can reduce that stress, or even avoid it altogether, by addressing it before anything goes awry.
If you are planning to move in with your partner and would like to learn more about Cohabitation and co-ownership agreements, please email Carolyn Davies on email@example.com or call her on 01491 523932.