A Divorce Agreement is a crucial legal document used when married couples decide to formally end their marriage in England and Wales. This agreement outlines how assets will be divided, what financial arrangements will be made, and if relevant, how children will be cared for. The document must comply with current legislation, particularly the Divorce, Dissolution and Separation Act 2020 which introduced no-fault divorce. It serves as a comprehensive record of what has been agreed between the parties and, once approved by the court, becomes legally binding.
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1. Parties: Details of both spouses including full names, addresses, and occupations
2. Background: Marriage date, separation date, and brief history of proceedings
3. Definitions: Key terms used throughout the agreement
4. Financial Settlement: Division of assets, properties, and financial obligations
5. Child Arrangements: Custody, access, and maintenance arrangements for children
1. Pension Arrangements: Used when pension sharing or splitting is required
2. Business Interests: Required when either party has business assets to be divided
3. International Assets: When parties have assets in multiple jurisdictions
4. Future Conduct: Agreements about future behavior and communication
1. Schedule of Assets: Detailed list of all matrimonial assets and their values
2. Property Schedule: Details of all real estate and associated mortgages
3. Child Arrangements Schedule: Detailed parenting plan including contact schedules
4. Financial Disclosure: Form E or similar financial disclosure documents
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