It is a common misconception that living together means you will have the same rights as married couples particularly after a certain number of years when it comes to splitting property and other assets. The term “common law husband and wife” is a myth. If you are living together and not getting married, we can draft a Living Together Agreement to safeguard your interests. This document will set out who gets what if the relationship breaks down.
If you are planning to buy a house rather than rent, you will also need a Declaration of Trust to be drawn up.
A Declaration of Trust safeguards the interests of the parties in terms of their financial contributions to the property.
Put simply, the Declaration prevents unpleasant surprises in the event of a separation.
Having a Declaration of Trust in place removes unnecessary stress and costly property-related litigation during a relationship breakdown.
Contact us today to find out more about drawing up a Declaration of Trust.
Married or not, you need a Will to ensure that your wishes are followed in the event of your death. Speak to us for further advice.