If you plan to make your separation permanent, the separation agreement should ideally define the final financial agreement that will be submitted to the court if the divorce or dissolution has finally passed. If you are unable to reach an agreement, you may have to ask the court for a decision and a judge will decide how to allocate your assets. You can also use a separation agreement if you are unable to divorce or break up with your life partnership – perhaps because you have spent less than a year in England or Wales or less than two years together in Northern Ireland – but you want to decide who pays what. If you are considering divorce or severing your life partnership in England, Wales or Northern Ireland, but have not yet filed documents, you can have a separation agreement drawn up. It will determine who will pay the rent or mortgage and the bills until you decide to continue your divorce or dissolution. An approval decision allows the outgoing couple to enter into any financial sharing agreement and will also look at the rejection of future financial claims they will have against each other, meaning that the couple will divorce with a break of their own and without financial ties. Without a prescription, an ex-spouse could claim capital and income if the other spouse`s circumstances have improved significantly since the separation. We strongly recommend negotiating and agreeing to a transaction prior to divorce. This will avoid complications, delays or legal costs. If proceedings have been initiated in the Federal Court of Justice and you agree to a subsequent decision, you can ask the court to rule with approval. For example, if two young people divorce after a brief childless marriage, it might be fair that they leave with the fortune they brought to the marriage without paying the other child support. No, it is a widespread illusion. It is not a rule for marital assets to be divided 50/50 in the event of divorce; However, this is usually a starting point.