As you begin your new relationship or a new exciting stage in your relationship, you and your partner will recognise that you each have your own finances, property and assets. For instance, it may be you may have an inheritance from a relative, personal savings, property or a pension that was in place prior to the relationship.
Our family team will always advise you both to consider your intentions with regard to your assets. Do you wish to keep any assets separate? Or is it the case that you will share everything equally? Relationships can be difficult. If your relationship ended would you still be agreeable to sharing everything equally or is it your intention to keep an inheritance in the family? Would you expect to keep the house and the money in your bank as it is in your name? Would you expect to keep your pensions separate?
At the time of separation, when emotions are running high and communication can be difficult, both parties’ intentions with regard to certain assets can become blurred. That is why we advise that you consider this issue at the start of the relationship when communication is good and have your intentions incorporated into a legally binding agreement. Your specialist Family Law solicitor at Holmes & Hills can advise you on:
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Holmes & Hills Solicitors has five offices across Essex and Suffolk, located in Braintree, Sudbury, Halstead, Coggeshall and Tiptree. You can meet your Family Law solicitor at your local office on a day and at a time that is convenient for you.