Separation agreements

A financial separation agreement generally is made when: you end your relationship as a cohabiting couple, if you are married but are not ready for a divorce, or if you believe there is a chance of reconciliation but still want your finances to be in order. Some people decide to make a separation agreement while still in a relationship, marriage, or civil partnership just in case, however, it can still be made once separated or before you are divorced.

Usually, a separation agreement will be set out to clarify who will pay the rent or mortgage, which bills each of you will pay, whether one person will pay child support or spousal maintenance, or what will happen to the proceeds of a sale of assets or property.