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Sorting Out Your Finances If You Were Cohabiting

Vital information on how to manage your assets and split what you own when going through divorce or separation.

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Sorting Out Your Finances If You Were Cohabiting

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  1. Sorting Out Your Finances If You Were Cohabiting Vital information on how to manage your assets and split what you own when going through divorce or separation

  2. Access Your Situation • You can arrange the separation on your own. • If you think you or your ex-partner has a claim to make, you should talk to a solicitor. • It is always good to talk to a mediator and make an agreement between eachother.

  3. Agree On Finances • It’s a rule that a thing goes to that person who owns it. Still an ex-partner can make a claim regarding a particular thing. • You should talk to experts if you don’t know the worth of your possessions. For example, in case of land you can talk to the estate agents. • You should mutually agree and assign the responsibilities to each other like, who is going to pay the bills, who is going to provide for the children, etc. • Try to agree on how are you going to support your children.

  4. When To Seek Legal Or Professional Help • If you and your ex-partner own a home but you don’t know how to split it. • You and your ex-partner have a joint mortgage and you are unable to agree upon who should pay for it. • You and your ex-partner owns a joint business together but you don’t know how to divide it. • Your partner has taken money from you (loan) and is now refuse to pay.

  5. For more information on divorce and separation, visit, www.reviewlegal.co.uk

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