What are the benefits of a Separation Agreement?
A Separation Agreement offers a couple an amicable and structured way to manage their separation, and is beneficial in the following ways:
Agreements provide clarity by specifying the agreed responsibilities and arrangements during the party’s separation. This can be particularly important if one party is financially dependent on the other.
An agreement formalises a separation and can be enforced by the courts, if necessary, as a contract. If the couple later decide to end their relationship, a Separation Agreement can act as a foundation for their financial settlement.
An agreement can also specify arrangements for children, including living arrangements and child maintenance.
It allows couples time apart to reflect and decide if they want to end their marriage or civil partnership.
An agreement is less permanent than divorce or dissolution and allows the couple to reconcile. It, however, provides a clear framework for both parties and reduces any misunderstandings during the separation.