Couples who have long-term relationships may wish to use a concubine agreement to live together on an experimental basis before committing to the legal union of marriage. This can vary and depends on the complexity of your business. “The establishment of a full concubine agreement would usually take between 10 and 15 hours, including the first meeting, the preparation of the document and subsequent amendments until final signature. The cost depends on who you hire, but I would say between £2,500 and £3,000 for a global deal,” says Ashley Palminteri of The Family Law Practice. – property and property that was in possession before cohabitation or during cohabitation. As has already been said, the term is sometimes used in bulk to refer to marriage contracts. These are often placed when one intends to protect one`s property in the event of divorce from marriage. The treaty seeks to obtain a certain degree of certainty as to the amount of financial “damage” in the event of the end of the marriage. K v K (2003), however, increased the importance of marriage contracts by deciding that the wife had to comply with the terms of a marriage contract she signed. The courts still retain their discretion as to whether or not to maintain a marriage contract, but this new case shows that the courts are in favour of couples entering into private agreements between them. As a general rule, a concubine`s contract will not be enough to settle all the legal issues that might arise, so a trust agreement establishing property rights and a will is also recommended. Lawyers argue that the cost of a “no nup” is nothing compared to what it could cost to settle things in court if you separate without a deal.
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