Comprehensive and effective separation agreement suitable
for a couple (whether married, separated or simply de-facto
partners) who wish to record the agreement that they have
reached in relation to their finances and other joint assets
and liabilities
About this document
A separation agreement is a written agreement entered into by a couple (whether married or not) who wish to record the agreement that they have reached in relation to their finances.
Why record the deal?
There is no requirement to formally record the agreement you and your former partner reach. However, where a financial agreement has been reached it can give both of you a degree of protection and confidence if that agreement is recorded in a legal document.
These agreements will usually be upheld by the courts but may be set aside if there have been significant changes in you or your partners circumstances. Of course the divorce procedure can take some time, so if you require a degree of certainty whilst the divorce is being settled, this document will provide just that. Similarly, if you don’t want to get a divorce, this document will provide the legal framework in which you separate.
Application
and features
A married couple wanting to separate but not necessarily divorce yet
A married couple wanting to divorce soon but also wanting the security provided by this legal agreement
An unmarried couple wanting to ensure a clean break
Contents
Details of the parties, including the separation date
Details of any children, if applicable
Arrangements for the disposal of the house by sale; or
An option for one party to keep the matrimonial home and be bought out by the other
Payment of outgoings such as bills and other expenses – who will pay
Division of other possessions and household property
Assignment of insurance policies
Maintenance payments for the spouse and any children
Lump sum payments
Conclusion of joint accounts
Option for the parties to agree to petition for a divorce after two years separation
Other legal provisions
Guidance notes in plain English of course
Word
Count (approximate):
Document: 1060
words
Explanatory notes:
435
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
