Introduction to finances upon breakdown of cohabitation
When meeting new, unmarried clients who are facing relationship difficulties we will generally discuss two main issues: the children and the financial arrangements. The uncertainty of your future financial security or protection adds a significant additional stress to an already difficult time. Unmarried couples in other jurisdictions, such as Scotland, can expect financial compensation at the end of a relationship where they have suffered a financial disadvantage as a result of the relationship. However, the law in England and Wales puts very limited financial obligations on unmarried couples. The starting position for any separating, unmarried couple is that they each retain assets in their own name. Wherever the couple have a child together the non-resident parent has an obligation to make financial provision for the child. This issue is dealt with in our guide on child financial provision on relationship breakdown for unmarried couples. For more details please refer to our guide to finances upon breakdown of cohabitation.
Introduction to financial provision upon breakdown of cohabitation
As leading experts in our field we are constantly dealing with unusual and complex cases. Cases where one party is trying to establish a beneficial interest in a property, or where a party is seeking to maintain that they are entitled to more than a 50% share when a property is in joint names, are often very factually complex and require an extensive understanding of this developing area of law. Our innovative nature is perfectly suited to this evolving area of law. Many of our cases are pioneering in how we apply the law and we have an unmatched track record in successfully applying or challenging the existing law so that it best suits our clients’ interests.
Clients who have not yet separated from their partner but are seeking some preliminary advice, either because they are considering separation or believe their partner is considering the same, frequently contact us. Please, therefore, do contact us even if you feel that you are only in the very early stages of discussions with your partner or simply to assess your options and exposure.
The first step is to arrange a meeting with one of our solicitors. Therefore, please call us on 020 7404 9390 or email us to make an appointment to come and see us.