There are many ways in which property related matters also have a family law dimension, most commonly when couples purchase property together. TSP Family solicitor, Shelley Cumbers explains.
Generally, when a couple purchase a property in their joint names, their conveyancing lawyer should discuss with them what share of the property each is to own, particularly if one party is contributing more than the other to the purchase price.
Any couple wishing to own property in unequal shares should raise this with their solicitor at the time of purchase and enter into a Declaration of Trust. Quite simply, this is a legal document recording the manner in which the property is held and the shares owned individually by each party.
If the couple plan to live together outside of marriage or civil partnership then they should also consider preparing a Living Together or Cohabitation Agreement with the assistance of a specialist family lawyer. This can, amongst other things, set out how the mortgage repayments and utility bills will be paid, how any joint bank account will run, responsibility for structural repairs and renovations, and what will happen to the property should the relationship unfortunately break down.
For more information about joint ownership please click here.
Shelley advises clients on all aspects of private family law and is able to offer a free half hour initial chat for prospective clients. She is a member of Resolution and a Collaborative Lawyer. She is committed to resolving matters constructively and sensibly.
To find out more about how Shelley can help contact her on 01206 217078 or by email at firstname.lastname@example.org.