Marital separation agreement is a formal deep of separation that arranges the living of partners for at least 6 – 12 months apart from each other until the time the chances for a normal relationship or divorce are established. Find out about some of the important documents that are associated with marital separation agreement in New York.
Documents on assets
Separation involves the division of assets such as the family home, farm, family business or professional practice, cars or horses, shared portfolios, investment properties, vacation properties and other worldly goods that both of you own individually or jointly. The papers related to these will be needed, as will be any documents about SSIAs, investments related to life insurance, PRSA/pension funds/pensions and more.
The court will also need the birth certificate and other documents related to your children (if any) from the existing marriage, as their care and provisions are one of the important priorities for the law. The means and needs of the separating parties are considered and assessed by the judge, before deciding about the custody, child support and other important things.
Deed of Separation
This is the actual document that you are supposed to sign together, and it outlines the primary objectives and issues such as any payments, maintenance, ownership/occupation of property or shared/family home, arrangements about access to kids and their custody, agreement to live apart, succession rights, taxation, indemnity from partner’s/spouse’s debts etc. The court will ensure adequate provisions for the maintenance and care of children, as well as for non-working spouse.
For more information about a marital separation agreement in Florida, please visit this website.
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