There are many reasons why people enter into separation agreements, but one thing is certain: it is easier for everyone to agree in advance how things should work out after a break-up, without incurring any additional stress during this tough transition period.
It might be particularly beneficial for you to draw up a separation agreement if you find yourself in one of the following situations:
– You have substantially greater capital or income than your partner. – You wish to protect the assets that belonged in your name before marriage. – You wish to protect the business assets you own. – You have children from an earlier marriage or relationship and wish to protect assets for inheritance planning purposes. – You and your partner are from different jurisdictions.