Love is in the air
When you move in together, everything seems brighter, smells better and looks shiny and wonderful. As you will be an adult, you will have assets that you bring to the relationship. It could be furniture, tangible goods, money, inheritance, income from stocks, shares or other properties. We love hearing great stories about how clients meet, and we want everyone to stay together in blissful happiness, however sometimes life throws curve balls and you need to be prepared.
The point is it’s better and sensible to get a cohabitation or prenuptial agreement. This will itemise what you bring into the relationship and what will happen if you decide to separate. You could go on and marry and that would supersede this agreement, but your lawyers would simply update to reflect your current situation. This will itemise what you bring into the relationship and what will happen if you decide to separate. You could go on and marry and that would supersede this agreement, but your lawyers would simply update to reflect your current situation.
If you are jointly buying a property you will be putting down a deposit, this financial value needs recorded in a minute of agreement filed with the courts. We find it helpful is when clients come to an agreement before sitting down with us, we then detail their wishes and pass the paperwork to his / her lawyer to go through. Each lawyer will assess individually and advise the client if it’s in their best interest (that’s our job). It may take several weeks or months to get finalised, this is perfectly normal.
The important thing is that your assets are protected for the future and also for future generations. If you have wealth you will want to detail your children’s inheritance and not leave things to chance.
If you want to talk to one of our Family Lawyers, feel free to phone for a no-obligation chat on the phone. CLICK HERE and type your town / city into the search bar, the closest family law office will appear with their contact details. Please call and tell us you are looking for advice.