When couples decide to cohabit rather than get married, it is important to use the services of unmarried cohabitation solicitors in North Wales to protect the interests of those involved.
Many people choose not to get married and decide to cohabit instead. This means they will live together without being in a legally binding relationship.
A Cohabitation Agreement, for example, can be drawn up by a legal expert. This document outlines which partner will receive what in the event of a separation or if they decide to permanently end their relationship. A Declaration of Trust is another piece of paperwork which could be completed, and this is usually used when a couple buys a property but there are unequal amounts invested into it. Legally, it could be used to distribute assets in a fair way.
Many unmarried couples will have children, and it is important that their interests are protected. For instance, the mother may have given up work to raise the children and been financially dependent on the father whilst in the relationship. She could then potentially become vulnerable if they split and may not be entitled to any maintenance payments if proper arrangements are not made.
Having a Will is often the quickest and easiest ways for unmarried couples to deal with their assets in the event of the death of one, or both, of the parties.
Talk to us now at Bennett Smith Solicitors and arrange an appointment to seek advice about cohabitation and the considerations which will be worthwhile before embarking on this step.