Separation agreement: A safety net for a failing relationship
Marriage is a beautiful relationship. It helps binds two lovers with a legal contract.
Marriage is a beautiful relationship. It helps binds two lovers with a legal contract. They say their vows and promise each other they will stay together till death do them part. However, it is not the case. Marriages fall out. People stop loving each other, and the marriage ends. It is a painful process and can be scarring for some. When a marriage hits a rough patch, people make rash decisions and make things even worse for themselves. Especially when they have had a ceremonial marriage, they are bound legally, and there has to be a procedure for them to separate.
Divorce isn’t an easy way out either, especially if there are many financial liabilities involved. What is even worse is if there are children involved. You need to consider various factors before you make huge decisions like these. Therefore, if you think divorce might be a bit too much at this point, it is best to go for separation. If you are a resident of Vermont, it is about time you look for a separation agreement lawyer Burlington or wherever you currently reside.
But what is a separation agreement?
This agreement is a formal document between both participants of a marital relationship. It decides the primary divisions of financial assets, etc., if things go south and get worse than what they are now. This agreement can either be written up as a formality or decide things beforehand. However, it is best to make it a legally-binding document to have a more muscular standpoint in the court of law.
Why is it better than divorce?
The best way to understand this question is that everyone and everything deserves a second chance. Getting a divorce ends all means of repair. If a couple decides to separate before moving on to divorce, it can give some hope for a better future. When people get some time by themselves, they can think about things properly and try to work things out. Still, a separation agreement works as a contingency plan that ensures that the couple is ready in case of a divorce.
What does this agreement cover?
A separation agreement is the best way to assure that the divorce will not wreak as much havoc. This agreement binds the couple to be civil about the dispute and handle it like adults.
First and foremost, the agreement allows the parents to discuss the children’s future. Who will get the custody? If both of them disagree on giving up the control, then it were mention that the court will decide it for us? And the Obligor has to pay the child support by all means necessary.
Other parts of the agreement constitute the financial divisions. Again, who will get what and in what proportions? However, some laws can help you out with it, so it is best to have a family lawyer present who can help you sort the legal technicalities.
Another important part that this agreement covers is the division of all the current expenses. For instance, if the couple put on a down payment on a car together, but now they decide to split, who will pay for the vehicle and keep it? It is just one example of what can they resolve through the contract.
Similarly, if the couple is planning to live separate lives, there can be financial instability for either one or both. For example, it is tough to afford housing in this economy. Additionally, the expenditures piling up can be a hassle, too, for instance, the utility bills, the credit card bill, the house’s mortgage, and whatnot.
Drawing up an agreement of this nature can help resolve these monetary issues. Or else it may put more gas on the fire. It is best to consult a legal aid or a lawyer for legal advice before resorting to divorce. Nevertheless, a much better option is to try resolving things through marriage counsel. Everybody wants to be happy. So it is in the best of everyone’s interest to give the marriage another shot and jumpstart this whole thing up and restore it to its former glory.