Many couples, whether married or cohabiting, have joint bank accounts.

It is important to be aware of the pitfalls of having joint bank accounts, particularly for cohabiting couples. For example, when deciding whether a cohabitee can establish an interest in property, one of the factors a Court will consider is how the parties treated their finances.

It is, therefore, unsurprising that we are seeing a notable increase in the number of cohabiting couples seeking to regulate their finances by way of a cohabitation agreement.