Managing finances during separation

Separation often raises urgent questions about who pays the bills, how assets are managed and how to avoid dissipation of funds. This article explains immediate steps to protect your position and prepare for negotiations.

Immediate steps

• Secure essential documents (bank statements, pensions, property deeds).
• Open dedicated accounts where necessary and limit joint card use if abuse is a concern.
• Seek early legal advice to understand urgent applications (injunctions, occupation orders).

Preparing for negotiations

Collect valuations, consider cashflow needs and work with forensic accountants where business interests are involved. A clear financial picture reduces surprises during settlement talks.