With the financial year end looming, finances and tax are hot topics on everyone’s mind at the moment. If you are separating, your divorce may be the last thing you think has year-end consequences, but if you are considering transferring assets between you then it is important that you seek professional advice before the year end on 5 April 2019.
The number of cohabiting families in the UK has almost doubled in the last twenty years. This may be explained by an increasing trend to cohabit rather than marry or cohabit for a period before marrying. Scotland led the way within the UK by introducing certain legal protections for cohabitants in 2006. This legislation was designed to protect cohabitants from unfair situations arising both in the event of separation or death.
Recently, I have found many of my friends choosing to ‘move in’ with their respective partners for the first time in their lives. I’m sure you also have come across this trend at some point in your life too. It may have been a friend, a family member, or it may even be yourself!