This is a formal way of separating from your spouse and establishing at what point the separation occurred. The next required activity that gets accomplished is a detailed parenting plan. You would complete the details regarding the custody of the children, support, education, health care, visitation and spousal support, if any. All the details of what will be done and who will pay for what would be found in this type of agreement.
The Importance of Having an Agreement
Many reasons exist as to why you would want to put things in writing, such as ongoing obligations or property that will continue to be owned jointly, and there are many other reasons. An agreement establishes, in writing, whatever is important so there is no breakdown in communications between spouses at a later time. Another good reason to have a signed agreement is to avoid making it appear that one of the parties abandoned the marriage. A couple might not be emotionally ready to divorce at the present time or they may not have been separated for the time required to meet the rules of their jurisdiction.
These agreements are normally considered binding at the moment you have both signed the agreements. If you need a quick result and want to formalize matters this is good way to do it.
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