Maryland Divorce ~ Separation Agreements
One document that may be drawn in your case is a Voluntary Separation Agreement or Property Settlement Agreement. Divorces are usually settled in the beginning when both parties carry guilt or at the end when both parties are exhausted and need to close this chapter in their lives. Most people in a divorce are encouraged to settle as much as possible. Many things can be included in your agreement. Here is a list of things to consider.
1. Court cost and attorney's fees. Who is responsible for these charges ?
2. Property. Who gets the house and house payment ? How is the equity divided if the house is sold ?
3. Personal Property. Who gets each car, shared appliances, furniture, etc. ?
4. Alimony. How much is the alimony and for how long ?
5. Child Support. How much ? For how long ? Who carries health and life insurance on your children ? Who claims the children on their taxes ?
6. Visitation. Is there a specific schedule ?
7. Health Insurance. Who is covered ? For how long ? What changes to policies will divorce make ?
8. Life Insurance. Who is insured ? Who is the beneficiary ? Cash value or term ? What is the amount ?