Reaching a finance and property settlement is important. When a relationship ends, it is inevitable that your finances and that of your ex-partner will be in some way tied-in together. You may co-own your home, a business or investments and these now need to divided between you, to enable you to separate financially as well as emotionally.
If you are a divorcing couple, you will need to satisfy the courts, as part of your divorce, that you have reached a financial settlement. If children are involved, the courts will also want to know that adequate financial provision is being made for the children. There may also be a settlement required in relation to your pensions.
For unmarried couples planning to separated, the laws are not as strict but you will still want to find agreement and settle amicably.