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Separation Agreements Separation deeds or agreements are generally used where parties do not wish to divorce straight away but want to reach an early agreement on their financial affairs until they can bring divorce proceedings, usually after 2 years or more of separation.
Is my spouse entitled to half my savings? As stated, all savings must be disclosed and considered when reaching a financial settlement with your former spouse or civil partner as they are regarded as a matrimonial asset.
To make your agreement legally binding you need to draft a consent order and ask a court to approve it. If your agreement is not legally binding, a court cannot enforce it if there are any issues later. A consent order is a legal document that confirms your agreement.
Yes, you can file a consent order with the courts yourself. In order for the Judge to grant your order, however, you must have the consent order professionally drafted by qualified solicitors.
Separation agreements instead of divorce or dissolutionA separation agreement is useful if you haven't decided whether to divorce or dissolve your civil partnership, or if you can't yet do so. It's an agreement that usually sets out the financial arrangements you'll put in place while you are separated.