Although from 2006 couples who lived together but weren’t married or in a civil partnership were given certain rights in Scotland, it is still recommended that you at least consider drawing up a Cohabitation Agreement for peace of mind now and for the future.
A Cohabitation Agreement is a straightforward legal document that is beneficial to both parties involved during the course of the relationship but also on separation, should it come to that.
No one in a loving relationship likes to think about it breaking down and turning sour, but unfortunately…it can happen! By deciding to put in place a Cohabitation Agreement you are simply and sensibly protecting yourselves and your assets. It sets out the financial arrangements agreed upon both during the relationship but also should the relationship end – allowing for some control over assets should things get complicated. It can also cover responsibilities and support with regard to any children involved.
We recommend you spend the time to go through and agree on who owns what and how assets should be divided upon separation before seeing us, which will save time and money. Of course, we can only act for one party as both parties should seek independent legal advice. However, our highly trained Family Law specialists will take the time to understand the particular situation; they will look through the agreement in principle, advise you on any updates or amendments and then draft the formal agreement on your behalf.