Cohabitation Agreement Solicitors in Taunton & Somerset
Choosing to live together marks a meaningful milestone, but it can also bring important financial and legal considerations. A cohabitation agreement is a powerful legal tool that offers clarity and security for couples who share property, finances, or other assets.
We are here to provide straightforward guidance designed to protect your rights and avoid potential disputes, offering peace of mind.
What a Cohabitation Agreement Is and Why It Matters
Moving in together is an exciting chapter, but it’s also a time to think practically about your legal rights. A cohabitation agreement is a legally binding contract, provided it is drafted and executed properly, as a deed. It is created by couples who either live together or plan to in the near future. It outlines terms regarding property ownership, parental rights, financial matters, and the division of assets if the relationship ends or if one partner passes away.
The Legal Process of Creating a Cohabitation Agreement
Creating a cohabitation agreement might sound intimidating, but it’s far more manageable than you might think. With guidance from our experienced legal professionals, you can protect your interests and establish clear expectations. Here’s how the process unfolds:
- Initial Consultation – Start by discussing your unique circumstances with a family law expert. You’ll talk through financial arrangements, property ownership, and the terms you want the agreement to cover. This initial conversation is the foundation of a fair and tailored legal document.
- Drafting the Document – Your lawyer will prepare a draft based on your discussions. The document encompasses specifics like financial contributions, living arrangements, and any provisions reflective of shared assets, including a declaration of trust if relevant.
- Reviewing & Negotiating the Agreement – Carefully evaluate the agreement before finalising. Both partners should review the draft, seek independent legal advice, and discuss adjustments as needed. Negotiations ensure both parties feel respected and heard.
- Signing the Document – Finalise and formalise the cohabitation agreement. After all edits are agreed upon, both partners sign the document, in the presence of a witness.
- Continual Review – Revisit the agreement if your circumstances evolve.
Partner With Taunton’s Trusted Family Solicitors
At Taunton Solicitors, we specialise in expertly managing these complexities with professionalism and empathy. From guiding you through divorce proceedings to addressing child arrangement concerns or division of assets, we focus on achieving resolutions that protect your interests and safeguard future stability.
Speak with a member of our team today to schedule your free consultation and take the first step towards resolving your legal concerns.