Document background
A Financial Separation Agreement is utilized when married couples or civil partners in England and Wales decide to separate and wish to formally document their financial arrangements without immediately pursuing divorce proceedings. This comprehensive agreement covers the division of property, assets, pensions, and any ongoing financial support arrangements. It provides a clear framework for financial separation while potentially avoiding court intervention, though it should be noted that courts retain the power to vary such agreements in subsequent divorce proceedings. The document should comply with the Matrimonial Causes Act 1973 and related legislation, and both parties should receive independent legal advice before signing.
