When a relationship comes to an end for any couple, there a multitude of issues to be addressed and factors to be considered. Each party needs to think about how assets and liabilities will be distributed between themselves and the other spouse. They’ll also need to consider whether it’s necessary to apply for any maintenance payments to assist with supplementing future earnings.
A settlement agreement is a legal document these parties can use to outline the plan for how the divorce or separation will be managed. Within this document, individuals can make suggestions to the court about how they plan to handle everything from equitable distribution to child custody.
In most cases, settlement agreements are created with the guidance and assistance of a professional family lawyer, with experience handling all forms of divorce and child custody law. However, there are circumstances wherein individuals may choose to create their own settlement agreement, and represent themselves when presenting this document to the courts. Continue reading ›