If you and your spouse can no longer live together effectively, but are unsure whether you’re ready to file for divorce, creating a legal separation agreement may be right for you.
A separation agreement is a legal contract created between you and your spouse. In it, both parties agree to live separately and apart. The length of time you will maintain separate lives and what will happen at the end of that time period may also be specified in the agreement.
Because you and your spouse create a separation agreement together with the help of your attorneys, the agreement can include specific terms, such as:
- Which spouse will be responsible for paying which bills,
- Where the children will live,
- When and how often the children will see the parent they do not live with,
- How the marital property (property you and your spouse both own) will be managed during the separation,
- Other issues that apply to your specific situation.
Your lawyer can help you create an agreement that protects your interests in case of divorce, operates in the best interests of your children, and avoids major debt, pension, or tax consequences. To become binding, the agreement must be signed by each spouse in the presence of a notary. Once the agreement has been enforced for one year, you and your spouse may file for a divorce based on the agreement or to take a different route.
At The Law Offices of Paul A. Boronow, P.C., our experienced Long Island divorce and separation attorneys can help you understand your options and choose the best course of action to protect yourself and your children. Contact us today for a free and confidential consultation.