Separation Agreements
Not all married couples who are going their separate ways wish to get divorced. For a variety of reasons, separation may be a more attractive, less formal option then divorce.
Separation Agreements set out in clear terms how a couple intend to manage their assets on separation. Although Separation Agreements are not currently binding in England and Wales, they offer a clear indication as to the parties’ intentions should they divorce at a later stage and then go before a Judge to settle their finances.
Separation Agreements frequently deal with matters such as pensions, houses, accounts and investments and personal belongings.
Whilst a Separation Agreement may not provide the finality of a divorce, going through the checks and process required to draw one up can be of great practical benefit to a separating couple in dealing with their property and holdings.
We would strongly suggest that any couple intending to separate consider the benefits and pitfalls of a Separation Agreement. Spratt Endicott offers an initial Fixed Fee Appointment to advise on Separation Agreements and, if appropriate, take instructions to begin the work of drawing up such an Agreement.