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Financial Agreements","","Explains how financial agreements work during and after divorce, focusing on separation agreements and consent orders. Covers when separation deeds are used, what matters they can regulate (assets, pensions, maintenance, tax, property, and more), and how they typically transition to consent orders. Defines consent orders as binding contracts, outlines assets and maintenance categories they address, and explains why consent orders are usually necessary, including limits on writing one’s own.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/financial-settlements-on-divorce-3-financial-agreements/282852/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/financial-settlements-on-divorce-3-financial-agreements/282852.png","ImageObject",442,249,{"name":88,"@type":89},"Levi","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-11-01","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",10,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the difference between a separation agreement and a consent order?","Question",{"text":109,"@type":110},"A separation agreement is a temporary deal reached before divorce is finalized, typically later replaced by a consent order. A consent order is a legally binding financial contract that finalizes financial obligations arising from the marriage.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Which financial matters can a separation agreement cover?",{"text":114,"@type":110},"It can regulate division of financial assets and maintenance, including spousal or child maintenance, the matrimonial home and property, insurance policies, ISA and Peps, stocks and shares, pension sharing, vehicles, business assets, and tax issues and liabilities, among other items.",{"name":116,"@type":107,"acceptedAnswer":117},"Why is a consent order needed and what happens without one?",{"text":118,"@type":110},"Without a consent order, the verbal arrangement does not prevent your ex-spouse from making a financial claim later, potentially even many years after divorce. The document should be drafted by a solicitor, signed after full disclosure and legal advice, and reviewed and approved by a judge.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},282852,1790724666,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":76},7971461740909,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Financial Settlementson Divorce. 3. Financial Agreements  \nThis factsheet gives answers to questions such as:  \n-What is the difference between a separation agreement, a consent order and a clean break agreement?  \n-Which one do I need to get?  \n-What do these agreements deal with?  \nThe content has been reproduced with kind permission from Wikivorce.  \n1. Separation Agreements  \nSeparation deeds or agreements are generally used where parties do not wish to divorce straight away but want to reach an early agreement on their financial affairs until they can bring divorce proceedings, usually after 2 years or more of separation.  \nThe other situation in which a separation agreement can be used is in you need to put in place a quick legal agreement because you need to formalise a financial transaction such as a house sale or buy out, and cannot wait for the 4 months or so it would take to start a divorce and obtain a Consent Order.  \nA separation agreement contains clauses to regulate your separation and put in place a deal covering the division of financial assets and maintenance.  \nYour separation agreement can deal with the following:  \n- Maintenance for a spouse or child  \n- The matrimonial home and other property dealt with  \n- Life insurance policies and endowments  \n- ISA's and Peps  \n- Stocks and shares  \n- Pension sharing arrangements  \n- Cars and other vehicles  \n- Business and company assets  \n- Tax issues and liabilities  \n- Residence and contact  \nA separation agreement is a quick to implement temporary agreement that is usually later superseded by a Consent Order.  \n2. Consent Orders  \nWhen you get divorced you will need to reach an agreement with your ex-spouse on financial matters.  \nIt is important that your verbal agreement is formalised by signing a Consent Order.  \n1. What is a consent order?  \nA consent order is a financial contract that is voluntarily and jointly agreed by a divorcing or divorced couple to finalise all financial obligations arising from their marriage.  \nDepending on your circumstances the order will include:  \n- Liquid assets: this is anything jointly or solely owned that can be sold for cash, for example property or shares. In fact, anything that can be sold, is in legal terms a realisable asset.  \n- Pensions: although a pension cannot be sold it is still an asset that can be shared by agreement.  \n- Maintenance: there are two versions, child maintenance and spousal maintenance. Child maintenance is paid to the parent who has the child or children for the most nights in the year, spousal maintenance is payed to an ex-spouse by the higher earner, to compensate for the difference in their salaries.  \n- Inheritance: consent orders typically include a clause to dismiss claims on future inheritances.  \nA Consent Order is a legally binding financial agreement that should be:  \n- Drafted by a solicitor  \n- Signed by you and your ex-spouse after you have both provided financial disclosure and taken legal advice  \n- Reviewed and approved by a judge in a family court.  \nConsent Orders which do not include spousal maintenance are commonly known as a \"clean break\" agreement, because there are no ongoing monthly payments other than child maintenance (where applicable). The courts generally prefer clean break agreements where possible (i.e. where it doesn't cause hardship).  \n2. Do we really need to get a consent order?  \nWhen a couple decide to divorce, they follow a formal process to end the marriage. This is a paperwork exercise, usually with a solicitor corresponding with a County Court Judge, that only ends the marriage. What it does not deal with is the division of property and whether any maintenance should be paid or pensions shared.  \nIf you divorce without a consent order then you need to be  \naware that your ex-spouse may be entitled to make a financial  \nclaim at any point in the future-even after many years have passed.  \nSome couples decide to divorce without a consent order because they m","cbCaiovG1XT7CXXk","https://ap.wps.com/l/cbCaiovG1XT7CXXk","pdf",226564,8,"English","# Separation Agreements\n## When to use separation agreements\n## What separation agreements can cover\n# Consent Orders\n## What is a consent order\n## Do you really need a consent order\n## Can you write your own consent order\n## What a consent order includes","[{\"question\":\"What is the difference between a separation agreement and a consent order?\",\"answer\":\"A separation agreement is a temporary deal reached before divorce is finalized, typically later replaced by a consent order. A consent order is a legally binding financial contract that finalizes financial obligations arising from the marriage.\"},{\"question\":\"Which financial matters can a separation agreement cover?\",\"answer\":\"It can regulate division of financial assets and maintenance, including spousal or child maintenance, the matrimonial home and property, insurance policies, ISA and Peps, stocks and shares, pension sharing, vehicles, business assets, and tax issues and liabilities, among other items.\"},{\"question\":\"Why is a consent order needed and what happens without one?\",\"answer\":\"Without a consent order, the verbal arrangement does not prevent your ex-spouse from making a financial claim later, potentially even many years after divorce. The document should be drafted by a solicitor, signed after full disclosure and legal advice, and reviewed and approved by a judge.\"}]","Financial Settlements on Divorce - 3. Financial Agreements | PDF",1789583631]