When the breakdown of a relationship is unavoidable, one of the first things you consider is money and all those significant financial problems that divorce can bring.
As a rule one party has to find another dwelling and the process of division the bank accounts, savings and mortgages takes much time and energy. Also you need much money to make purchases instead of shared possessions. It may be the first time that you must manage your finances alone and you have to look at priorities and take control of your spending.
Use a budget planner to learn managing your new budget as you should master tactics of financial survival. You have the power to make all decisions now and it will be better to stay in control of your financial situation. You always can find people ready to help you and give good financial advice. The advice of a professional financial planner will be of great worth.
If you separate informally, you will have to inform some of the people and institutions about your informal separation and make all necessary arrangements (about children, money, property) without going to court.
In case of separating with a separation agreement you should consider several important aspects in a written agreement between you and your partner. For instance, you might want to decide about living separately and not to annoy the other partner; to provide financial support for the other partner and children of the relationship; where kids should live. It is better to consult a solicitor and a financial advisor trying to draw up a separation agreement.
Rather rarely people get a judicial separation but couples with religious or moral objection to divorce use it. The partners are not free to marry again but a judicial separation is made by a divorce county court in the same way as a divorce.