Financial agreement

[CactusClaire]

What do these actually look like? What is included

They look at housing, so is there a house owned, is it jointly owned etc. What the value of the house, how much equity etc. They looks at savings, pensions. They look at expenditure. They look at any benefits.They will require bank statements. Credit card statements and proof of just about everything.
The starting point is then 50/50. Housing needs and children's needs come first. Not necessarily whom has been paying the mortage or what's been put in by whom. They will take into account the length of the marriage and how long you were cohabiting before marriage.
It's daunting but once you get the Form E you can work through it and it feels less overwhelming. You can actually download a copy from the government website which will give you a good idea of what's required.

It’s essentially just an agreement of how your assets will be split to ensure the needs of parties will be met. So you begin by disclosing your financial information to each other (form e) and the aim is for a legally fair outcome for each party. All the assets might be split 50/50 inc pensions, savings, equity etc - or one party might agree to keep the equity while the other keeps the savings etc - whatever is fair and agreed by both parties. if children are involved, their housing needs are a priority which might mean departing from 50/50 - it depends on many factors. Both parents are expected to maximise their earnings, see which benefits they might be entitled to and then these are taken into account. Once an agreement has been arrived at, you get an order drafted by a solicitor and this is submitted to court with a d81, which is like the form e showing financial details and what each person’s situation will look like after the order is made. The order literally states who gets what. If it’s considered fair, it will be sealed by the court. The advice now guides tell you how a fair split can be come to and which factors should be considered. Best wishes

Thank you!

The other commenters have basically covered what you need to know, but in case this may be able to help you with what kind of things you need to do to sort out finances, I'll leave this help guide here that I used to help me out - https://iamlip.com/help-guides/the-court-process-of-dividing-your-marital-assets-finances-and-pensions/