THE IMPORTANCE OF A SEPARATION AGREEMEN- PROTECTING YOUR RIGHTS AND ASSETS

1. THE IMPORTANCE OF A SEPARATION AGREEMENT: PROTECTING YOUR RIGHTS AND ASSETS Separation is usually challenging for couples both emotionally as well as financially, so when you are considering to pursue separation it is extremely important to plan things in advance to ease the process of divorce to some extent. Planning for divorce includes many things and the first and probably most crucial is finding the right attorney for you. As we have said that separation is a very challenging time for most of the couples emotionally but apart from being emotionally challenging it is a very complex legal process as laws relating to divorce is usually complex in most of the states, so it is extremely important to get a right attorney for yourself. There are many Separation Lawyers and family law firms which are totally dedicated to family law only and they have expertise in family law along with network of professionals like accountants, financial advisers, values etc. to help during the divorce process. So reaching out to such family law firms and separation lawyersis also a good idea as they have expertise as well as a team to help you during your trial separation. One of the most important parts of entire legal process of separation is establishing a separation agreement which your attorney is surely going to brief you in advance and would help and guide you in establishing it. Separation agreement is a legally binding document that helps in protecting you rights and assets as it outlines the terns and conditions of the separation. It covers important aspects like property division and child custody. In this blog we are going to discuss importance of separation agreement in little detail. 1.IT PROVIDES CLARITY: It is the most important benefit of separation agreement, it provides clarity and certainty to both the parties as it clearly defines terms and conditions of separation. Separation agreement helps in minimize confusion which reduces the chance of any dispute post separation. Most Separation Lawyers make sure that they prepare well crafted separation agreement. 2.PROTECTION OF ASSETS: Separation agreement reduces the risk on your assets which are otherwise vulnerable in case of no separation agreement. A well-crafted separation agreement clearly defines how property and other assets would be divided. 3.FINANCIAL SECURITY: Most important consideration during separation is financial security of the non-earning partner and children, separation agreement addresses financial matters like spouse support and child support. 4.CHILD CUSTODY AND SUPPORT: Couples who have children must have separation agreement as it establishes child custody and support arrangements. Agreement contains details regarding various aspects of child custody and support which clearly defines custody and support. It minimizes confusion and conflict. 5.HELPS IN AVOIDING LITIGATIONS: In case there is no separation agreement various disputes are resolved through litigations which are both time- consuming as well as costly. Separation agreement helps in avoiding costly and time -consuming litigations.

2. 6.FLEXIBILITY AND CUSTOMIZATION: Couples can have terms and conditions according to their specific needs and circumstances which court -imposed judgments do not allow them to have. In conclusion, a separation agreement would not only help you in protecting your rights and assets but clearly establish guidelines for division of property, child custody and support, financial support etc. thus providing clarity and certainty to both parties. Source link - https://sites.google.com/view/separation-/ Website - https://familylawco.com.au/