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Qualities of a Good Separation Agreement

A lot of care is needed while buying a separation agreement online or when signing one. A separation agreement should have the following qualities in order to be effectively enforceable by the law.

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Qualities of a Good Separation Agreement

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  1. Qualities of a Good Separation Agreement This presentation gives an overview of a good separation agreement.

  2. Children Maintenance Arrangements • Children are the most essential part of a couple’s life and should be dealt with a lot of care. • Arrangements for the school of children should be set out in the contract. • The contract should highlight the activities of the children, the time to spend with each parent and their allowance.

  3. Terms and Agreements of the House • A separation agreement should state that who will have the house and how much. • It is a wrong concept that the house is divided between the two spouses EQUALLY. • A separation agreement may decide that the house can be divided between the two spouses but ONLY if the spouses agree.

  4. Reasonable Personal Effects • A good separation agreement should set out the basis of “Reasonable Personal Effects.” • Personal Effects are the personal belongings of the spouse. • These should not be considered in the matrimonial assets.

  5. Financial Assets • A good separation agreement should define the terms about financial assets. • It should describe who will get how much. • It shouldn’t be biased or unjust. • Financial assets are to be divided with the mutual consent of the couple.

  6. Lump Sum Payments • All the arrangements of lump sum payments should be mentioned. • Any settlement of lump sum payments between the spouses should be made written in the agreement

  7. For more information about Divorce and Separation visit, ReviewLegal. Thank You!

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