A living together agreement is a legally binding agreement which sets out clearly in writing the financial arrangements that you and the person or people you are living with have agreed together.
They can specify the shares in which you own a property, as well as provide for the payment of household expenses or other financial arrangements you want to put in place.
Whilst they are sometimes referred to as ‘cohabitation agreements’, they are not just for couples. Anyone ‘pooling’ their resources to provide a home or an investment property should have one.
Unlike with married couples, there is no legal obligation on couples living together to financially support one another should the relationship break down, whether that be by way of maintenance or other financial provision. Living together agreements enable you to make financial provision for one another that would not otherwise be available under the law.
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Shoosmiths 2Unify service offers legal expertise alongside relationship coaching to lay the foundations for a strong and secure relationship. This unique service will help you to address the practicalities of living together. Whether that is starting a family, combining your finances, thinking about your career aspirations or blending two households, our team will guide and support you as you plan your future together.
Our qualified coaches will work with you in a safe, non-judgemental way, to explore your wishes and feelings on a range of issues. With the support of a neutral third party, you may find it easier to discuss subjects that could otherwise be uncomfortable, or that you may not have considered.