Managing your finances prudently as an unmarried couple

Protecting your future finances

Financial planning and awareness is a feature of modern times, so it’s now common practice for many couples who are thinking of co-habiting or getting married to seek legal counsel on how to protect their future finances.

In many ways this can be a sensible approach and can offer additional security when entering into a serious relationship.  The aim is to live a long and happy life with each other, but if for any reason things do not work out as you had planned, you can protect your financial concerns.

Ormrods Solicitors & Advocates can advise you on living together agreements for unmarried couples and pre-nuptial agreements if you are getting married.

Both types of agreement require considerable attention to detail if they are to be legally binding in the future.  So it’s crucial that you get the right advice.

If you are considering either of these arrangements and would like to know more, get in touch with Ormrods today.

Managing finances if you go your separate ways

There is a lot of discussion in the media about the rights of ‘common-law’ husbands or wives, but a lot of this coverage is at best misleading.

The simple fact is that unmarried couples do not benefit from the same rights of those who are married.  That means that that if your relationship breaks down and you aren't married, you need to know how jointly owned property or other assets will be divided and what rights you have in this regard. 

You may also need specific legal advice about where your children will live and what contact the absent parent should have with them.  If your children don't live with you, then you may need advice on rights about seeing them.

Ormrods has many years of experience in all these areas and we can provide you with direct professional advice.  Our aim is to assist you in resolving any dispute quickly, economically and with the minimum of fuss.

For more information, feel free to call us on 01253 850777 or email us at info@ormrods.co.uk for an informal introductory or to arrange a free, initial interview.