Carl Glendon

Divorce Settlement Agreement – What To Include Therein?

It is important to sign legal separation papers if you are intent on living apart from your spouse for an indefinite period but would not like to divorce due to emotional, moral, religious or some other reasons. But if you wish to put an end to your marriage once and for all, it is better that you opt for the divorce settlement process. Find out what should be included in a divorce settlement contract.

Division of assets

It should also mention how each of your marital assets would be divided. This needs to include the retirement accounts, family home and other things that might be owned together or separately by either party. You need to be truthful and mention all your assets in the contract.

Child custody details

You need to be extremely clear while preparing the agreement. It is important that you are very precise, given that not making the contract foolproof can make your spouse challenge it. Try to stipulate when the visits would exactly happen, such as 'on Sundays' rather than 'on someday of the week' of each month.

Alimony and child support

You have to of course include provisions about alimony, and even child support if you have kids with your spouse. Usually, child support is determined by state guidelines. However, a couple might agree on alimony arrangement of any form that they would be comfortable with. A divorce settlement agreement needs to specify if the alimony would be permanent or temporary. Please visit this website for more info about legal forms and documents.

Kid's health insurance costs

You have to include the provisions that mention which spouse exactly would bear the responsibility of paying for kid's health insurance expenses. In case one of you has been on the insurance plan of another, it might be suggested that you factor in the discussions about the additional health insurance costs when each of you have your separate plan.

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Carl writes often about legal drafting, rental lease agreement, marital separation agreement and help the people in such needs. You can find more about marital separation agreement blog. For more information about what is a legal separation in Texas, please visit this website.