Many people may choose to separate and end their relationship without initially going through the divorce process. There are many advantages to doing this, and separation solicitors in North Wales can help navigate this process.
A couple, for example, may have a joint mortgage. In these circumstances, it is generally agreed that both parties will still be responsible for the mortgage payments. This arrangement will normally remain in place until a divorce is approved. It is worth remembering that a separation does not alter a mortgage agreement with the lender.
Separated couples are also usually entitled to a share of the others pension. This may be especially so of private pensions. State pensions are a little more complex and can often depend upon how much national insurance one or both parties have paid.
Financially, a legal separation could be better for both involved. Tax benefits can be very complex, so the legal guidance of solicitors in Llandudno is usually essential. These legal advisors will also help with the drawing up of a separation agreement. In this document, finances, property and children can be dealt with. It is not always a necessary document and it is not legally binding, but they can be used to help clarify decisions. A legal separation can be applied for by completing a Form 85 and three copies sent to the HMCTS Divorce and Dissolution Service.
For expert support with any separation matter, contact us here at Bennett Smith Solicitors today and ask for our legal advice.
