Staying together raises many financial problems. Partners living together manage the financial implications of their mutual stay. They arrange arrangements for payment of maintenance and child support. Next they also decide on the distribution of assets in the event of a separation. The written format of the understanding reached by the couple is referred to as the agreement to live together.
This agreement is binding on the two signatories and considered at the time of separation. But how strong law enforcement is, cannot be fully ensured. So it is better to hire a lawyer in this case. You can navigate to https://www.atlaslawsolicitors.com/family-law-solicitors-uk/unmarried-couples-and-property-ownership if you are looking for a family lawyer who can resolve your case better.
The cohabitation agreement provides the basis for couples to build their relationship.
Couples who plan to test their compatibility before marriage must choose to stay together only in the struggle for agreement. The agreement effectively protects the property of one of the partners in the event of a split.
More than a quarter of children born in England are a couple who live together. If children are part of a relationship, their interests need maximum protection that can only be offered by an agreement to live together.
Benefits of a Cohabitation Agreement
Living together without the bonds of marriage makes the relationship uncertain. The cohabitation agreement provides a degree of recognition of the relationship.
Couples who live together buy different assets for their shared use. The cohabitation agreement decides the distribution of assets if the couple decides to sever their relationship. This agreement provides clarity of the situation. If one of the partners decides to withdraw from the relationship they know what to expect.