Relationship Agreements

 

It's a common misconception that only after marriage can legally binding agreements be put in place. However , pre-marital, pre-nuptial and contracting out agreements are all aimed at protecting both parties and their assets and investments even before marriage.

 

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Relationship agreements take a number of different shapes and forms, but ultimately are designed to help you formalise, structure and agree a living arrange if you and your partner intend not to be married or, if you want to make pre-nuptial arrangements ahead or entering into marriage.

You, like many others may believe that living with your partner entitles you to the same rights as a married couple. Unfortunately this is not the case. There is no formal procedure equivalent to either divorce or resolution of financial matters for you if you live together and subsequently separate. In order to provide protection for you and your partner, a cohabitation agreement can be drawn up at the outset, which sets out in clear terms how financial issues should be resolved in the event of subsequent separation.

Pre-nuptial agreements, are very similar to cohabitation agreements in many ways. One of the primary differences being that the pre-nuptial agreement is agreed and signed before you and your partner are officially married. There are many reasons why you might decide to enter into such an agreement, and when considering whether it is right for you, there are questions worth asking:

• Are one of you significantly wealthier than the other
• Do one of you earn more than the other
• Are you remarrying
• Does your partner carry high debt
• Do you own all or part of a business
• Do you plan on quitting work to raise children

Whilst considering these questions, it is also important to recognise that not everyone is, or will be as receptive to a relationship or pre-nuptial agreement as you.

 

 

"It's not only marriage that can require a binding agreement..."

Services:

• Advice on Agreements
• Drafting Agreements
• Advice on Enforcements

 

At Ash Solicitors we can advise you on preparing, drafting and reviewing various types of relationship agreements including cohabitation and pre-nuptial agreements. We can also advise you on enforcements in the event that your partner breaks any part or condition within the agreement.

If you are seeking advice on documenting any type or relationship agreement, or if you have an existing agreement that you would like us to review, update or enforce, contact us today to arrange an initial consultation on

+44 (0) 208 570 8588.

 

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