When separating, there can be a huge financial concern about how you will manage financially or what your financial obligations may be.
If you are the main breadwinner within the relationship, there may be a responsibility to provide ongoing financial support to your former spouse upon the marriage breakdown to allow him/her to adjust without undue hardship.
Whilst there will be a desire for both spouses to be financially independent of each other upon separation, this is not always achievable, particularly when there are dependant children.
Consideration will need to be given to the income available to each spouse and the other’s potential to maximise their own earning ability.
If there is to be no ongoing claim upon the other’s income, then a “clean break” agreement would be desirable to terminate such claims.
We can prepare legally binding documents which reflect agreements reached in relation to this.
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