The settlement agreement in your divorce is the legal document that explains exactly how everything in your divorce is divided between you and your spouse. If you want to make sure that there are no problems later on over things from the divorce, you should do everything you can to make sure that the settlement agreement is as thorough as possible. Here are three sections you might have in your divorce settlement, as well as tips to make sure you include everything you need to.
Assets and Debts
The first section you should have on your settlement involves the division of assets and debts. The main tip to consider with this is being as specific as possible about every debt and asset you own. This will involve listing all debts individually and labeling which spouse must pay the debt, and the same is true for assets. The more specific you are, the easier it will be to know how to follow the agreements you made for your assets and debts.
Spousal Maintenance or Alimony
The second category some couples have on their divorce agreement is the section outlining the terms of the spousal maintenance or alimony. If this is something you would like to receive, you may need to fight for it, as it is not always easy to get. If the court approves it, though, you should make sure your divorce settlement clearly lists the terms of the agreement you made with your spouse.
Custody and Support Issues for Children
One of the most important sections on your divorce agreement will be the section that outlines the agreements for things related to the kids. One part of this will be the who gets primary custody and how the custody and visitation will work. A second part will be about the amount of child support one spouse pays the other.
One of the most important parts of this section, though, is labeling things for future reference. For example, when your kids are old enough to drive, who will buy them a car and pay for their auto insurance? If you do not decide this now, it could turn into a fight later on. You should think about any issue like this that may come up later and include it in your settlement agreement.
Creating a good, thorough divorce settlement takes time, thought, and effort, and it also requires having a good divorce attorney from a company like Budget Divorce Center.Share
9 October 2019
After struggling for quite some time in my marriage, I could tell that things weren't going to get better. I felt like the end was near, but I couldn't tell how to get there. I started talking with family members and friends about how to approach things, and they suggested working with a family lawyer. When I sat down with the professional he laid it out for me, and I could tell that he knew what he was doing. We began moving through the divorce process, and it was amazing to feel the sense of relief that came with knowing that I was about to be separated from this person. Find out more about divorce on this website.