Importance of deed of separation
The deed of separation or separation agreement, set asides and clearly spells couple’s rights and responsibilities towards each other and their children. Both people must agree to the terms in order to make deed of separation a legally binding. No one of the partners can impose an agreement upon other. The terms of deed of separation are to be reached through mutual discussion.
Both parties need to have their own, independent solicitors to avoid conflict of interest. An efficient law firm like our YEO & Associates LLC takes utmost care while drawing up deed of separation to address issues like living apart, custody and access to children, divisions of finances and other assets, maintenance or lump sum payments, debts and taxation part besides adequately addressing succession rights.