When separating from your partner, 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, there may be a responsibility to provide ongoing support to your former spouse to allow him or her to adjust without undue hardship.
Whilst there will be a desire for both sides to be financially independent after separation, this cannot always be achieved, 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 no ongoing claim upon the other’s income, then a clean break agreement would be desirable to prevent future claims.
We can prepare legally binding documents which reflect agreements reached in relation to this.
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