What Do You Need To Include In A Divorce Settlement Agreement?
Many people who decide to end their marriages prefer to draft their own divorce settlement agreement than going to court and having the court make decisions on custody, asset division, and support. Making your own Divorce Attorneys Fairfax VA divorce agreement is a smart move since it will increase the likelihood that it will offer you and your spouse the items that are most important to each of you.
By coming up with your own agreement, you may also avoid arguments, prevent the legal system from being involved in your personal Divorce Lawyers Spotsylvania VA affairs, and avoid paying the high legal and court expenses that would result from having to dispute every aspect of your divorce.
Making your own divorce settlement agreement is a wise decision, but if you don't know your legal rights and duties Divorce Lawyers Loudoun VA and don't include all the necessary information in your agreement, it might go horribly wrong and become a big issue.
What to Include in a Divorce Settlement Agreement
You must take into account any issue that arises about joint property, your business or personal connection with your spouse, or any other relevant factors, in order to ensure that your Divorce Lawyers Northern settlement agreement has all that is necessary. For instance, the following items should be taken into account and included in your divorce agreement:
Provisions defining who is liable for covering the expenses of children's health insurance : It may also be wise to include a language addressing COBRA coverage and to take into account in support negotiations the increased cost of health insurance once the spouse needs to purchase his or her own plan if one spouse has been covered by the other spouse's insurance plan.
Information on how much, if any, alimony and child support will be paid.divorce laws new jersey typically governs how child support is calculated, but a couple is free to decide how much alimony they want to pay each other. If alimony is temporary or permanent, it should be made clear in the agreement.
Details on the distribution of all marital assets : This should cover any assets that either partner alone or jointly holds, such as the family home, retirement funds, and other property.
Information on child custody : When drafting a custody agreement, you should be quite explicit. Saying, for instance, that visitation will take place "every other weekend" may be too ambiguous, particularly if someone breaks the terms of the agreement and the other spouse requires assistance enforcing it.