I am moving in with my partner, but we aren't married, do i need to protect my assets in case of separation? 

The agreement will show in detail who owns what and contribution during the relationship eg what happens if one party stops work and has a child. The agreement can also address how you will share your property, your personal belongings, your savings, and any other assets if you were to separate and sell the house/move out.

It can be used to agree how you will manage your day-to-day finances during your relationship, for example how much each of you will contribute to paying the rent or mortgage, and your bills.

It can even detail whether you intend to take out life insurance and arrangements as to pension benefits as an example. 

If you are renting, your cohabitation agreement can reflect how much a partner will contribute in rent and what happens to any bills, credit cards or joint purchases if the relationship ended.

Cohabitation agreements can also be made between people who are not romantically involved but are living together, for example, friends or siblings. If you’re thinking about owning property together, a cohabitation agreement can make things that much easier to deal with.

The cost of getting a cohabitation agreement drawn up can vary depending on your circumstances. The cost of not obtaining a cohabitation agreement, both financially and emotionally, can be considerably higher. 

We are clear on costs from the outset and offer free, initial meetings to discuss options. 

Just like a Will, your cohabitation agreement should be reviewed if your circumstances change such as you have a child together, changes to financial positions etc. 

If you have any questions as to whether your cohabitation agreement needs updating, we can advise in your free, initial meeting. Get in touch with us today. E: familylaw@awdry.law