United Kingdom (PRWEB UK) 16 November 2016
Cohabiting couple families are the fastest growing family type in the United Kingdom, with 3.3 million documented in 2016, more than double the number ten years ago, according to recent statistics published by the Office of National Statistics.
Yet the reality is the UK doesn’t have laws specially designed to deal with them. So, when the relationship breaks down, the individuals are faced with the complexities of multiple statutes and various legal principles, which can lead to expensive disputes.
Paul Robinson Solicitors, located in Essex, says it is increasingly urgent for co-habiting clients to protect their financial interests.
According to Melanie Steeples, Associate Solicitor, “We have noticed a growing number of clients buying a property together for the first time, who are contributing different amounts towards the purchase. But what happens if the relationship breaks down? Should the person who paid more receive a bigger share? And what about the division of the money saved during the relationship – should it be divided equally or in proportion to the original contributions?”
Melanie Steeples says this is just one of the many issues faced by cohabiting couples, many of whom don’t realise they should protect themselves until it’s too late. The good news is it couldn’t be easier to secure independent advice about your financial relationship and find out what steps you should take for protection.
“Nobody wants to think about the worst-case scenario, but it’s important for couples to know where they stand. By seeking legal advice early in the relationship, couples can answer the questions that are important,” Melanie Steeples, says.
Paul Robinson Solicitors offers a no-obligation initial one-hour consultation with legal experts.
“As well as providing guidance on what you need to do, where appropriate, we can also help you take the necessary steps to protect your position,” Melanie Steeples says.
“At the end of the day, the steps you take now could reduce the risk of a serious, expensive and stressful dispute down the track.”
To arrange a meeting with experts, call Paul Robinson Solicitors on 01702 338 338 or 01277 500123 or visit their website http://www.paulrobinson.co.uk.