Figures published on 9th June reveal a decline in the number of younger couples looking to get married; with more couples opting to cohabit instead.
The figures published by the Office for National Statistics have suggested whilst those who are considered to be the “baby boomer generation” have maintained a healthy level of marriage, with 87 percent of men and 92 percent of women in that generation being married at some point younger generations are not following suit.
According to the figures just over 60 percent of men and 68 percent of women aged 40 intend to get married out some point; whilst those in their twenties are not considering marriage.
The figures suggest that 47 percent of women and 48 percent of women aged 20 have stated that they will never get married; commentators have suggested that the reason younger generations are opting not to get married is due to more couples cohabiting instead.
Whilst the latest figures have revealed that younger generations are less likely to consider marriage, compared to their parents and grandparents, for those couples who are looking to cohabit our family law solicitors can help make the process smoother – by assisting with cohabitation agreements.
Such agreements enable couples to protect any property or assets owned before they lived together, to ensure ownership is retained – should the relationship breakdown. The agreements also outline that each partner will retain their own assets, whilst outlining any assets purchased jointly will be equally divided, as will any joint debts incurred.
For those couples who are cohabiting or intending to cohabit and wish to discuss how they can legally protect themselves our experienced family law solicitors in Lincoln are able to assist – find out how by contacting us today.