Financial & Legal News

Raising awareness of the common-law marriage myth

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Saturday 18 August has been reported as the most common day in 2018 to tie the knot in the UK.

However, since the early 1970s, the number of people actually getting married has steadily decreased, dropping a further 3.4% last year. There have been many theories about why marriage rates are falling, but regardless the fact remains that fewer people are formalising their relationship.

In 2016 there were 3.3m cohabiting couples or around 6.6million cohabiting adults. This is officially the fastest growing family type, more than doubling from 1.5million couples just 20 years ago. Yet, a 2017 ComRes survey showed that only one couple in three knew there was no such thing as common law marriage.

The issue is widespread, with nearly 98% of professionals from family justice group Resolution reported having worked with a cohabiting couple who they were unable to help. A further 90% said the couples are often surprised to find out about their lack of rights.

To help raise awareness of this issue Pearson Solicitors and Financial Advisers support the campaign to raise awareness and encourage cohabiting couples to take steps to protect themselves and their families.

Family Law Solicitor Lucinda McWatt explains: “If an unmarried couple breaks up, they would not necessarily be entitled to share in (what they thought were their) joint assets, such as a house they may have made significant financial contributions to, if they aren’t named as an owner on the deed.  This is the same regardless of how long they have been together or whether they have children.”

She adds, “In the absence of action from government, cohabiting couples need to know that they are not given rights through common law marriage, so they can take appropriate actions to protect themselves.  For example signing a cohabitation agreement is an easy and cost effective way to get financial peace of mind without getting married or forming a civil partnership.”

 

For further information or would like to chat with one of our solicitors please call 0161 785 3500

 

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

Written by Lucinda McWatt

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