What is a Separation Agreement?
A separation agreement provides clarity for couples in respect of their finances and children in their relationship when they have separated but do not plan to divorce for some time, if at all.
It can record details such as who will be responsible for the family home, whether any divorce will take place in the future, and if so who will be responsible for dealing with it.
The agreement must be entered into voluntarily, with each party having independent legal advice.
Your solicitor will discuss your case with you and create an agreement for your signature. The Courts are not bound under UK law to keep to the agreement but, unless there have been significant changes of circumstance, they are likely to regard the agreement as very clear evidence of both parties’ wishes.
What is the cost?
Our fees: £500 + VAT = £600 total. The fee assumes that you have agreed the general nature of what you would like to happen.
- Discuss matters with you in detail
- Advise you on issues you might wish to consider including
- Prepare the agreement
- Arrange for signature of the agreement
Assets over £1 million
This fixed fee is valid in cases where the assets of the couple concerned are below £1 million. Where there are assets above this, other advisers (for example IFAs and pensions specialists) may be involved negotiations may take longer. If this applies to you we will offer you a personalised quotation.