• 28 Aug 2024
• •
• 3 min read

Molly-Mae Hague and Tommy Fury: A Family Lawyer’s View

Molly-Mae Hague and Tommy Fury, one of the most prominent couples to emerge from the UK’s reality TV scene, have captivated public attention since their time on Love Island in 2019. Their journey from reality TV stars to successful public figures has been nothing short of impressive and the breakdown of the relationship has shocked many of their fans. It is rumoured that Molly-Mae owns their luxurious £3.5 million mega-mansion on her own, raising questions about their financial and legal arrangements now that the relationship has ended.

While the couple were engaged, they were not yet married, so the financial claims that they have against one another are limited. For Molly-Mae, reportedly the financially stronger of the pair, the fact that they were yet to tie the knot will give her considerable protection financially.

The £3.5 Million Mega-Mansion

Located in Cheshire, the mansion Molly-Mae and Tommy share is a testament to their success. It has been reported that the mansion is solely in Molly-Mae’s name, which could be attributed to her substantial earnings as a social media influencer, entrepreneur, and creative director of PrettyLittleThing. Molly-Mae’s financial independence will have facilitated her ability to make substantial investments, such as this property, without relying on joint ownership and this decision will give her significant protection over the funds she may have applied for the property’s purchase.  On the other hand, for Tommy this could mean he is left with no interest in the property. Any claim against the value of the property would be considered under complex trusts law and there is certainly no guarantee that Tommy would be successful.

What about Bambi?

The parties’ daughter, Bambi is reportedly a focus for both Molly-Mae and Tommy and fans will be hoping that they are able to come to an amicable arrangement about how she will divide her time between both of her parents. The couple have a long journey of co-parenting ahead and will need to work with one another to secure stability and security for Bambi. They may be able to discuss arrangements for Bambi within mediation and put together a parenting plan which will help them both to understand and appreciate each other’s responsibilities and priorities for Bambi’s future.

With both parents having significant wealth, it is unlikely that an application for financial provision for Bambi will have to be made, albeit the parents will have to discuss and agree on how costs and financial commitments for Bambi are met and shared between them moving forwards.

The Possibility of a Cohabitation Agreement

Given their relationship status, engaged but not married, the couple may have considered a cohabitation agreement, also known as a “living together agreement”. A cohabitation agreement is a legal document that outlines the rights and responsibilities of each partner while living together, particularly when it comes to finances and property ownership.

For a couple like Molly-Mae and Tommy, who shared a home and a life together but are not yet legally married, a cohabitation agreement could be crucial. This type of agreement could have clarified what would happen to their shared property and assets in the event of relationship breakdown. Financial claims for unmarried couples are limited in scope and disputes about the ownership of shared property can be costly. A cohabitation agreement would give both parties to the relationship certainty and avoid the cost and stress of litigation.

Cohabitation agreements are increasingly important for unmarried couples who live together, especially when there are significant assets involved, as is the case with Molly-Mae and Tommy. Such an agreement can provide legal protection and peace of mind for both parties, ensuring that their financial interests are safeguarded regardless of their marital status.

The Importance of Prenuptial Agreements

If Molly-Mae and Tommy had continued their relationship and moved forward with marriage, given the speculation about Molly-Mae’s superior wealth, it would have been wise for her to consider a prenuptial agreement. Prenuptial agreements provide each party with an opportunity to protect their individual assets and establish clear financial boundaries before entering into marriage.

Whether you’re moving in together, planning a wedding, or just want to ensure your assets are protected, understanding the importance of cohabitation and prenuptial agreements is crucial. Get in touch with our experts today to discuss how we can help you navigate these important decisions with confidence.