Divorce Settlement Agreement

Tips To Create a Divorce Settlement Agreement, Without Missing Out On Anything 

Regardless of how long you have been married, getting through a divorce becomes really tumultuous. From sharing love to heartbreaks, the journey comes to any end, and the couples decides to part ways. When it comes to dealing with such emotional stress, you are not the only one, as 40% to 50% of marriages are ending in divorce each year. But, you can always make things post separation smoother, by creating a divorce settlement agreement, sometimes referred to as a martial settlement agreement or a divorce agreement.

Now, negotiating a settlement agreement necessarily involves a certain amount of give and take, on both sides. Thus, both the partners need to seek for a path with adjustment and compromises, keeping each other's interest in priority. Here are some tips to create this document smoothly.

Acquire the form

The first and foremost task is to acquire the divorce settlement agreement to take forward the further proceedings. Such legal forms are generally available at courthouse's law library or from your state's or province's government court or justice website. They are even available in some websites that offer legal forms for free. For more information about a marital separation agreement in Florida, please visit this website. For more information about a marriage separation agreement, please visit this website.

Fill up the form with required details

The next step is to fill up the form with the required details: the full the names of the parties who are involved in the agreement, marriage date, date of separation, names and ages of any minor children of the marriage, reason of divorce and current living arrangements of both parties, with addresses.

Make it legal

To make the contract legally binding, you both should sign the agreement, agreeing to accept the terms of the agreement contained in this document.

Division of debts and assets

Some assets and debts will be marital, jointly owned and some would be personal and separate from the marital bond. Now, only marital assets and debts are subject to division on divorce and should be mentioned in the agreement contract. Both the parties need to sit down and decide on who is going to own what property and assets and how everything is going to be divided, and this decision must be consensual. Now, if you both cannot agree on something, hiring a lawyer might become necessary. The same goes for the debts as well.

Custody, visitation rights, and child support

When it comes to custody of the children, there are three options: sole custody, split custody, or shared custody, and both the partners need to sit down and decide on this as well. Whoever gets sole custody must should spell out any visitation rights that the non-custodial parent will have. Also, you'll need to discuss child and spousal support after this. Before submitting this legal separation contract to court, get it reviewed by a family lawyer.

Please visit this website for more info about legal separation in Texas and legal separation in NY.