Separation Agreement by EasyLegalDocs

SEPARATION AGREEMENT

This Separation Agreement (hereinafter referred to as the "Agreement") is made and effective [DATE OF AGREEMENT] (the “Effective Date”),

Recitals

WHEREAS, the Parties are married to each other and wish to live separately and apart; and

WHEREAS, the Parties desire to set forth their respective rights, duties, and obligations during the period of separation;

NOW, THEREFORE, in consideration of the mutual promises contained herein and other valuable consideration, the Parties hereby agree as follows:

Separation

The Parties shall live separately and apart from each other effective [DATE OF AGREEMENT]. [PARTY TO WHOM THE RESIDENCE IS GIVEN] shall have exclusive possession of the marital residence located at [ADDRESS OF THE MARITAL RESIDENCE].

Child Custody and Support (Optional: Include this section if applicable)

The Parties shall share joint legal custody of their children, with primary physical custody awarded to ____________ (custodial parent). The Parties shall agree on a reasonable visitation schedule for the non-custodial parent. Child support shall be paid by ____________ (non-custodial parent) to ____________ (custodial parent) in accordance with the applicable laws of ____________.

Property Division

The Parties have disclosed all their assets and liabilities to each other. The Parties agree to the following division of their property:

List of assets and their allocation to each Party.

List of liabilities and their allocation to each Party.

Spousal Support (Optional: Include this section if applicable)

The Parties agree to the following terms for spousal support:

____________________________________ Specify the amount and duration of spousal support, if applicable.

Changing Spousal Support: Spousal support can be changed if: a. ____________________________________ (Specify when it can be changed, e.g., if one party's income significantly changes or if there are other substantial changes in circumstances.) b. ____________________________________ (Describe how changes will be discussed and decided, e.g., through negotiation or mediation.)

Ending Spousal Support: Spousal support will end if: a. ____________________________________ (Specify when it will end, e.g., upon the remarriage of the receiving party or other specific conditions.) b. ____________________________________ (Explain how the other party will be notified, and specify the date when it will end.)

Debts and Obligations

Each Party shall be responsible for their respective debts and obligations incurred before or during the marriage.

Health Insurance

______________________________________________________________________________________________________________________________________________________________________________________________.

(Specify the arrangements for health insurance coverage for the children and/or the Parties).

Taxes

The Parties shall file separate tax returns.

______________________________________________________________________________________________________________________________________________________________________________________________.

Specify any agreements regarding the allocation of tax refunds or liabilities.

Miscellaneous

______________________________________________________________________________________________________________________________________________________________________________________________.

Miscellaneous section to include any other relevant terms or provisions.

Governing Laws

This Agreement shall be governed by and construed in accordance with the laws of [GOVERNING LAWS].

Entire Agreement

This Agreement constitutes the entire understanding between the Parties concerning their separation.

IN WITNESS WHEREOF, the Parties hereto have executed this Separation Agreement as of the date first above written.