While a couple may know whether their marriage is working or not, the path towards reconciliation or separation is not always so obvious. Many couples feel they’re not ready to divorce though they feel they shouldn’t be living together as they figure out the next step. Often times, that is when a separation agreement is necessary.
What You Need to Know About Separation Agreements
A separation agreement allows both parties to live separate and apart without interference from the other. It is as if they are unmarried. In a separation agreement, which can be initiated by either spouse, the parties typically waive their rights to each other's assets to which they would otherwise be entitled.
During a separation agreement, each party is provided full disclosure of all financial information. This way there is a fair and reasonable distribution of all assets, just as there would be in a divorce action. An experienced attorney can draft an agreement for those issues the parties do agree upon. This will allow time for additional issues to be discussed in the meantime. Each matter agreed upon and approved by a court means that matter will not need to be dealt with if litigation is forthcoming. Doing this can lessen emotional distress and save time and money. Additionally, a separation agreement allows:
- Both parties to work out the issue or issues such as custody and visitation. This allows time to come to an agreement on that issue, which can be submitted to the court and made into a court order.
- "Opting-out stipulations" to be reached, which can happen during any part of a divorce action, enabling the parties to work out a settlement in the middle of a divorce action.
Get the legal guidance you deserve from a Syracuse divorce attorney
Whether you’re headed directly to divorce or need some time to figure out the next step, we’re here to help you. Get your free consultation with a skilled separation agreements attorney. Call 315.488.5544 or contact the Bombardo Law Office, P.C. online. We’ll answer your questions and discuss your separation agreement goals. Our firm offers after hours and weekend consultations by appointment. There are even some certain circumstances where flexible payment options are available. Contact us today.