Cohabiting couples face new rules on wealth claims after separation
UKPulse Money Desk
Lawyers have indicated that new rules could allow cohabiting partners to claim a share of each other's wealth upon separation, even if they initially moved in together to share bills or did not intend a lifelong relationship.
- New rules may allow cohabiting partners to claim a share of each other's wealth upon separation.
- This could apply even if the couple's initial intention was to share bills.
- The rules may also affect couples who did not intend to build a lifelong relationship.
Lawyers have revealed that new rules could enable cohabiting partners to make claims on each other's wealth if they separate. This may affect couples who moved in together primarily to share expenses.
The potential for claims could also extend to partners who did not initially intend to establish a lifelong relationship.
What this means for you: If you are moving in with a partner, these new rules could mean they might demand a share of your savings if you separate.