Document background
The Separation Financial Agreement is a crucial document used in Irish family law when married couples decide to legally separate but not divorce. This agreement serves as a comprehensive framework for managing the financial aspects of separation, including asset division, maintenance payments, pension arrangements, and property settlements. It's particularly important in the Irish legal context, where formal separation often precedes divorce due to constitutional requirements. The document must comply with Irish legislation, including the Judicial Separation and Family Law Reform Act 1989 and related family law statutes. It's typically prepared when couples have reached mutual decisions about their financial separation and want these arrangements formally documented and legally binding. The agreement provides certainty and protection for both parties and can later form the basis for a divorce settlement if the couple proceeds to divorce after the mandatory separation period.
