It is suggested in this morning’s newspapers that marriage for women is at a record low.
What then happens in a relationship breakdown?
It is widely recognised that upon relationship breakdown unmarried couples do not have the same rights as married couples.
The law relating to property disputes between unmarried couples centres on the parties’ intentions. It does not give the court the ability to take account of the parties needs or contribution. If intentions are not clearly recorded in a declaration of trust or cohabitation agreement then there is no scope for argument.
A cohabitation agreement can help couples agree how they will manage their household and other finances and living arrangements during their relationship as well as in the event that it comes to an end.
Setting clear expectations from the start has to be the best way to avoid a costly battle in the future.
If marriage is not for you then consideration of a cohabitation agreement is vital if financial interests are to be protected.
If you need further advice, please contact Kris Seed who is the Head of Family department on Exeter 01392 848951.