PRE NUPTIAL AGREEMENTS FOR THOSE PLANNING TO MARRY
If you are planning to marry then it is possible to enter into a contract with your future spouse called a Prenuptial agreement. This means that you will each consult solicitors and work towards making a formal arrangements for what happens if the marriage should ever come to an end. We can help you to set out the details of what is to happen in the unfortunate event of the marriage breaking down. You can set out your intentions and work to put together a framework for if the marriage should ever end. You cannot oust the courts when your marriage breaks down but the formal properly drafted pre nuptial agreement is likely to bind you both to the agreement for those arrangements on divorce. The courts are likely to uphold your prenuptial agreement if it has been made properly with legal advice and preparation ( although the length of marriage and the birth of children can have an impact upon the view taken about the agreement)
FORMALITIES FOR THOSE PLANNING TO LIVE TOGETHER
Cohabitation or Living Together Agreement
Couples who live together and do not marry are far more vulnerable if their relationship breaks down. This is because there is currently no specific law which governs the breakdown of the "living together" or cohabitation relationship. The only route to resolving a dispute between an unmarried couple is under the law relating to property ownership if one or both own property OR under children law if there are children.
Many believe that once they have lived together for a period of time they become "Common Law husband and Wife" and thereby have legal rights and claims against each other much the same as a married couple. This is an urban myth which is simply not true or correct. The law does not recognise the status of living together by providing an appropriate set of remedies for cohabiting couples.
A living together agreement entered into at the start of your relationship can act as an enforceable contract if the relationship breaks down. The intention is to reach agreement and set out what is to happen in detail. If the relationship ends the split can be managed in accordance with that agreement and dispute can be avoided.
Deed of Trust
If you are buying a property with a view to living together then you should obtain legal advice. As well as considering a Living Together or Cohabitation Agreement we also strongly recommend obtaining a deed of Trust setting out formally who will be entitled to what interest or share in any property. This can by done by our conveyancing team.
MAKING A WILL
When your family situation changes and you are intending to live together or marry you should consider making an up to date Will which clarifies your intentions should anything happen to you.
If you need further individual advice please call us on 0115 947 4486 and we can discuss your problems in more detail