Day 6 New Year Resolution – Living Together?

So, you’ve decided not to take the plunge into marriage but you’ve taken the plunge and decided to live together! Congratulations! Your New Year Resolution should be how to manage this and we’re not talking about managing your annoyance that he won’t put the toilet seat down!!  A Cohabitation Agreement is the ideal solution to set out the basis upon which you live together and how the financial responsibilities and obligations to each other and the property will be dealt with.  Likewise, if one of you is putting more towards the purchase of the property you may wish to consider a declaration of trust stating how the property is to be divided as and when it is sold.