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Financial Advice | Finance Index |
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UK Finance
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June 18, 2011 Hits: 38 
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If you both own part of the business, or one of you owns it but the other works for it, you may not want this to continue when your relationship has broken down. Think about how you are going to deal with this, and how it may impact others affected by the business, such as employees and suppliers. If you are the person leaving the business, think about where you might work and how you will generate an income. If your business affairs are complicated or you would like further advice, speak to a solicitor and/or accountant – see Useful links.
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June 18, 2011 Hits: 24 0
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You will need to deal with joint bank accounts as part of any financial agreement or order. Usually these are closed or transferred into the name of one of you. You and your spouse, civil partner or partner will use accounts set up in your sole names moving forwards.
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June 18, 2011 Hits: 28 0
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Think about how your separation will impact on the business and others affected by it, such as employees and suppliers.
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June 18, 2011 Hits: 41 0
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Shop around for the bank account that suits you best. The type of account you need will depend on what you want to use it for, savings, day to day expenditure or something else.
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June 18, 2011 Hits: 27 0
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If you and your partner are in partnership together, think about how your separation will impact on the business and others affected by it, such as employees and suppliers.
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June 18, 2011 Hits: 42 0
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Your own belongings are yours alone and your partner does not have any automatic legal right to them. If you own items jointly, you own them in the shares you put towards the purchase price. For example if you put £100 towards a £400 television, you own one-quarter of it. If you do own things jointly, you will have to decide whether to buy out your partner's share, sell them your share, or sell the items and split the proceeds. You may prefer simply to divide up the things you own jointly between you. Except for things like antiques and artwork, most items are worth less when sold second hand than they were bought for or would cost to replace.
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June 18, 2011 Hits: 25 0
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Try to agree who keeps any pets. Consider the cost of keeping them such as food, vets' bills and insurance, and also think about whether you can meet their welfare needs, for example if you work long hours and do not have time to walk a dog.
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June 18, 2011 Hits: 31 0
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For information about how to deal with where you lived with your partner, see Living arrangements – unmarried couples.
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June 18, 2011 Hits: 30 0
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If savings and investments are held in your sole name, your partner does not have any legal right to them unless it is possible to show that they contributed to them or there was an agreement that they would have a share.
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June 18, 2011 Hits: 30 0
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If you have a joint bank account or savings account, any money in it belongs to you both and usually either one of you can make withdrawals without the permission of the other person. You will need to deal with joint bank accounts as part of any financial agreement. Make sure that any joint accounts have been closed or transferred into the name of one of you.
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June 18, 2011 Hits: 33 0
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Breaking up means you will now each need a home, possessions and the financial means to meet your living expenses.
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