All you need to know about Marital Separation Agreement

1. All you need to know about Marital Separation Agreement A Marital Separation Agreement is a legally bound instrument that highlights division of marital finances and family responsibilities while the relationship gets terminated. The Agreement apportions things like assets, debts, marital property, child custody terms, spousal support, child support and parental responsibilities. It is also known as Legal Separation Agreement or Divorce Separation Agreement. Difference between a Marital Separation Agreement and a Divorce? In a Marital Separation Agreement, couples agree to separate before or during a divorce process. Legally still being married, under Marital Separation the partners live separately and may proceed to divorce, remain separated temporarily or permanently, or reconcile. In some conditions, Legal Separation may be a mandatory pre-requisite to file a divorce. Divorce is by the verdict of a court; a Final Judgement and Dissolution of Marriage. You and your spouse are no longer in marriage and have no obligations towards your marital rights and responsibilities under the law. The divorce orders contain a Divorce Separation Agreement that outlines how finances and family responsibilities will be divided among two parties. Why use a Marital Separation Agreement? •It allows you to have an opinion on how rights and responsibilities should be allocated, rather than the court deciding the division of affairs. •It enables you to document the terms of separation and not rely only on verbal communication. •It details the separation of family responsibilities and marital finances. A couple doesn't need to file a Marital Separation Agreement with the Court. Check for Free Legal Separation forms and fill one! An executed Separation Agreement is a legally binding contract in itself, which may be considered in the final divorce judgement. Check here for Separation Agreement with Child PDF!