Divorce agreement exist : To protect both parties, their children, and their property from various factors up to, throughout, and after a divorce. When it comes to important aspects of a relationship like resources, residences, children, and other crucial parts of life, it is important to have a plan in place, so that they may be divided in a way that is as satisfactory as possible for all parties.
The Basics of a Divorce Agreement
A Divorce Agreement streamlines the process of divorce by laying out the necessary arrangements and divisions ahead of time in order to avoid legal disputes later on. It can include details involving child custody, the nature of child support or alimony, the division of property. Having the details nailed down ahead of time saves time, money and stress by avoiding the legal hassle or arguments with the (former) spouse about aspects not discussed.
Understanding a Divorce Agreement
A lawyer can prepare a divorce agreement for the parties involved, and if this can be done agreeably, then it is entirely possible to avoid a court hearing, provided both parties abide by the rules of the agreement. To that end, it is important to understand what a Divorce Agreement looks like. There are numerous examples that may be found online. Once the terms are established, it is important to read and understand them in order to make sure that one abides by (and receives) all of that which they agreed to by signing the document. When prepared properly, It also ensures that there are no loose ends. Furthermore, and understanding of the document allows each spouse to check the other to ensure that they are holding up their end of the bargain– and if not, they can argue more effectively in court.
What typically is included in a divorce agreement
- Parental rights and responsibilities: everything from physical wellbeing, education, vacation schedule and visitation rights
- Child support: all matters of expenses pertaining to raising children
- Spousal support (alimony)
- Division of property
- Division of personal property
- Taxes (for example, who claims the children on their return)
Knowledge of one’s divorce agreement can protect one from foul play on the part of their spouse, ensure that they retain their rights and keep track of their responsibilities, and sometimes allow them to avoid the hassle of lengthy custody battles, dealings with alimony or child support, or the division of property.