If you are coming out of a relationship, whether you were cohabiting, married or in a civil partnership, you may be asking if you need to formalise that separation. A separation agreement is a formal contract which can be agreed between you and your former partner to determine the division of your financial assets and responsibilities.
‘No matter how amicable your separation is, and whether you were married or not, it is wise to seek legal advice on your financial position as complications can arise in the future,’ says Robert Bellhouse, a Family Solicitor in the family team with Ware & Kay. ‘A separation agreement can save you money and upset in the long run.’
You are not legally required to obtain a separation agreement, but it will provide you with reassurance and certainty on where…