A separation and property settlement agreement can be as simple or complex as your situation requires. The agreement can include any issue that you consider important. Common issues covered are custody and visitation, child support, spousal support, homes, vehicles, bank accounts, and debts.
A separation and property settlement agreement is required by law if the parties have been separated less than one year. If you have been separated at least one year, a divorce can be filed without a signed agreement. However, it is usually advisable to sign an agreement when possible, to assure that your interests are protected against the unexpected.
The cost of a separation and property settlement agreement will depend on it’s complexity, and how many issues there are to resolve.
The agreement is referred to by the various names below.
Property Settlement Agreement
Marital Settlement Agreement
Separation and Property Settlement Agreement
Memorandum of Understanding
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