If you are considering ending or exiting a relationship, whether that be a marriage or cohabitation, you would be advised to consult a solicitor to discuss the steps you need to take to ensure that your interests are well protected.
Things you should consider include:
1. Joint accounts – are you protected?
2. Your pension – have you protected your death in service benefits?
3. Your capital assets i.e., investments/pensions/contributions/businesses – how will these be treated in the event of divorce or separation?
4. Jointly owned property – are you aware of the rule of survivorship? If anything should happen to you what would happen to your interest in that property? If you live together are you aware that there is no such thing as a common law husband or wife? How property is owned will affect any contributions you may have made?
5. Your will (even if this is a holding will). This is crucial as your ex-partner could still benefit under your current will, or,
if you have not made a will, they could still benefit from, or be appointed to administer your estate under the rules of intestacy.
These issues are hugely important, and you should take professional advice at an early stage to ensure that you are well protected.
We have expert teams specialising in Family Law, Wills & Probate, Residential Conveyancing and Financial Services who will be able to help, support
and guide you through the steps needed to ensure the protection of your interests.
We would be delighted to arrange a free initial consultation to discuss these issues with you and to make sure that you are on the right track, if indeed
this is the path you decide to follow.
Please note: This is not legal advice; it is intended to provide information of general interest about current legal issues.