For those who are not married but still want to share assets with their partner, they may benefit from a cohabitation agreement.

Both nuptial agreements and cohabitation agreements allow parties, who are in a relationship, the opportunity to organise their finances and set out what they intend to do with their money/property, during the relationship and if the relationship were to end. 

If people want the best of both worlds, tax savings and certainty for the future, this is now possible, and our statistics suggest there is a considerable demand for this flexibility. 

Elliot Lewis is a partner and head of private client and Caroline Burstein is a partner in the family law team at Thackray Williams