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ALL THE LATEST NEWS, VIEWS AND STORIES FROM AROUND YOUR LOCAL AREA:JULY/AUGUST


 an alternative to divorce


 sure if divorce is for you, or if it’s the right time. It’s a question frequently asked by clients: should I get divorced; can’t we just get a legal separation?


What is legal separation?


Most commonly a legal separation is a contract between you and your spouse or civil partner. A legal separation agreement sets out the agreed financial arrangements and deals specifically with what is to happen to your assets and income.


There is another form of legal separation: a ‘judicial separation’ or, in the case of civil partners, a ‘separation order’ but in practice, judicial separations are very rare.


The benefits


A legal separation agreement can be a good idea if you want to deal with the financial aspects of your separation but would to prefer to wait two years to divorce on neutral grounds. It might also work if you’re fairly certain that your separation is permanent but you feel divorce is premature.


The pros of this approach include:


  - getting a divorce is a big step emotionally, and a legal separation leaves open the possibility of reconciliation. Staying married can also be a good decision financially;


  - you can divvy up the finances now and avoid problems later. Provided your agreement is broadly fair and has been prepared correctly, the terms of your legal separation should be 


 - with a legal separation, you can largely  types of financial order on divorce.


The drawbacks


  - if you can’t face remaining married to your husband, wife or civil partner, or you wish to remarry, a legal separation isn’t for you;


 - if one party has a significantly larger pension ‘pot’, it may be appropriate for this to be shared. Pension Sharing Orders can only be obtained on divorce;


 It’s not the final word -   is unfair, you might have to re-think, and re-negotiate.


 If you come into money further down the line, perhaps through an inheritance, your agreement might not necessarily protect you from a financial claim by your husband/wife or civil partner.


  in family law. For a confidential discussion about your options, call 01900 510366 or e: vpp@burnetts.co.uk


 advice on your doorstep


        


  


       


01900 510 366  e: ts@burnetts.co.uk www.


WWW.THECOCKERMOUTHPOST.CO.UK ISSUE 427 | 19 JULY 2018 | 35


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