Document background
A Divorce Financial Settlement Agreement is a crucial document used when married couples are divorcing in England and Wales. It provides a comprehensive framework for dividing matrimonial assets and settling financial obligations between the parties. The agreement typically follows divorce proceedings and can be drafted either through direct negotiation, mediation, or with legal representation. It must comply with the Matrimonial Causes Act 1973 and related legislation, and typically covers aspects such as property division, pension sharing, maintenance payments, and arrangements for any dependent children. Once approved by the court, it becomes legally binding through a consent order.
