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Agreement Builder - Finances

agreement builder

Agreement Builder - Finances

Set up an account

Setup an account

You can use the tools within Separation Planner without the need for an account, but if you want to save them so you can update or change them in the future setting up an account now is the best thing to do.

If you’ve already setup an account, login before you start using the tool, so any work you do will be saved into your activity dashboard.

SP_user_82%

82% of users reported they were satisfied or very satisfied with Separation Planners’ tools

(based on usage up to 9th September 2020)

What do you think of Separation Planner?

We’ve put together a survey that gives you the opportunity to tell us what you think. We will use your information to understand better how our users use the service and to help us improve it for users in the future.

Introduction

Other tools to help you:

Informing others

There will be a number of people and organisations that you will need to contact and let know about your change of circumstances, here’s a list of who you may need to inform.

person on phone

Debt calculator

Use this tool to do help you calculate your financial situation. Add the information to your 'Agreement builder - Finances tool' along with your thoughts around what outcomes you'd like to see.

Debt calculator

Assets calculator

Use this tool to do help you calculate your financial situation. Add the information to your 'Agreement builder - Dividing stuff tool' along with your thoughts around what outcomes you'd like to see.

Debt calculator

Getting documents together

You will need to get together a range of information, depending on your current circumstances. Here’s a list of the kinds of things you may need.

woman on bed with dog

The figures produced by our calculator tools are only a rough guide and don’t form proof. You will need to provide evidence in the form of account statements, policy documents and receipts for any debts and assets you have.

Getting started

Getting started with Agreement Builder

  • When answering the questions that follow, keep in mind the best interests of your children. You might not have fully formed answers to every question at this stage, that’s okay.
  • The process of answering the questions in each agreement builder should help you consider what outcomes are best for your children and both of you. They can form a useful starting point when discussing your situation with your ex-partner or a legal representative such as a solicitor.

The outcomes you can expect with regards to money during and after separation or divorce depend on a number of aspects and are unique to every relationship. Check the information in the Finances topic to understand your position and rights. Taking this information into account, you will then want to think about what outcomes you’d like to see in the short and long term with respect to your financial situation.

Communication

Do we need regular meetings to sort out our financial situation?
If you want to, you can explain your reasons for your choice in the follow on question.

Financial decisions

Financial situation

Do you have debts and liabilities that you will need to sort out?
Find out more in the managing your finances section. Use our debt calculator tool work out what your debts and liabilities are. This will give you an understanding of what needs to be organised as part of your separation process.
This is the total of debts and liabilities that you are solely responsible for.
£
This is the total of debts and liabilities that your ex-partner is solely responsible for.
£
This is the total of debts and liabilities that both you and your ex-partner are responsible for.
£
This is the total of joint, ex-partner and your debts and liabilities.
£
Have you contacted your bank(s) or building societies and discussed your finances, with respect to debts and access to money in your accounts?
Find out more in the managing your finances section.
Use our informing others tool as a start point in understanding who you’ll need to contact as you go through the process of sorting out your separation.
Do you have assets that you will need to sort out?
Find out more in the dividing stuff topic. Use our assets calculator tool work out what you individually and jointly own. You can document the details and your desired outcomes using the Agreement builder – Dividing stuff. This will give you an understanding of what needs to be organised as part of your separation process.

Find out more

Check your situation with our assessment tools

  • Debt calculator

    Use this tool to do help you calculate your financial situation. Add the information to your 'Agreement builder - Finances tool' along with your thoughts around what outcomes you'd like to see.

    Debt calculator

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