Property Settlement Agreement Form

A separation agreement is a private, written, legally binding contract spelling out each spouse's rights and settling issues between spouses who have or intend to separate and/or divorce.

Step 1: Confirm Your State's Residency Requirements. Step 2: Move to File for Separation Petition. Step 3: Move to File Legal Separation Agreement. Step 4: Serve Your Spouse the Separation Agreement. Step 5: Settle Unresolved Issues. Step 6: Sign and Notarize the Agreement.

A separation agreement is a legally binding document drawn up between the parties in a marital relationship. The agreement is something that both people in the marriage use to formally divide their assets, debts, and other marital responsibilities so that each party experiences a fair separation from the other.

#1. Start with the Basics. #2. Include the Details. #3. Confirm Your Agreement. #4. Identify and Divide Assets and Debts. #5. Create a Parenting Plan for Custody and Visitation. #6. Agree on Child Support and Spousal Support (Alimony) #7. Polishing Your Agreement. Conclusion.

Separation agreements can be long and complex, especially if you and your partner have been together for years and have extensive marital property or children. While you can draft a separation agreement yourself, it's best to have an attorney do it for you.

Children: Who gets custody? What financial support do they get? What kind of parenting contact is allowed? Finances: How will you divide your assets? How will you divide debt? Property: Will the property be sold and divided? Will one person keep certain property?

A separation agreement is a legal document that when signed and notarized by you and your spouse can act as a legally binding contract that is separate from or survives the divorce. Such a contract is enforceable, meaning you can take legal action if your spouse does not adhere to the terms of the contract.

To create a legally binding separation agreement both spouses must be completely open and honest about their financial situations. This requires a detailed disclosure of their significant assets and liabilities. The agreement must be in writing and signed by each party in the presence of a witness.

Some people wonder if they can save even more by money by writing their own settlement agreement and not seeking the help of a divorce attorney at all. While there is no legal requirement that you have a lawyer draft your settlement agreement, it is certainly a good idea to do so.