Friday 2 February 2018

The Most Important Things To Be Included In A Marital Separation Agreement

Just like a relationship, even a marriage dissolves due to a number of problems. A couple falls apart, and the only way lies in future becomes the legal procedure to end it with mutual consent. Instead of going with a divorce, there are certain couples who choose signing the separation agreement that avoids expensive legal manoeuvres and is definitely a better way to handle broken relationships.

Now, a simple marital separation agreement offers the right direction for handling the financial details, division of property, custody of children and much more. But, before heading for such an agreement, couples must be aware of the points that come under the agreement that couples sign ultimately.

Here are few of them that are included in a separation agreement.

  • The right of the spouse for alimony and other support
  • The decision of who would reside in the home, and who would move out.
  • The ownership and use of vehicles and other important properties that the couple has
  • The coverage of insurances that are present in the name of a single or both the partners.
  • Decision on the ownership of different types or private properties that both of them deserve
  • The right to custody of the children and the visitation details discussed
  • Whether the tax returns would be filled jointly or separately
  • The payment of medical expenses and credit cards
  • The division of the cash and other back accounts, with different types of savings.
  • Decision about the household goods and furnishings: who gets the right to acquire them

Thus, a marital separation agreement in California covers a number of important aspects, and decisions that must be jointly taken by the couples to sort things out peacefully instead of heading for a divorce.

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