If you and your partner have decided to live apart but are not ready to get a legal separation or divorce, a de facto separation agreement could be a good option to consider. A de facto separation agreement is a written agreement between two individuals who have decided to end their relationship and live separately. It outlines the terms and conditions of their separation, including issues such as property division, child custody, and financial support.
To create a de facto separation agreement, you can either hire a lawyer or use a de facto separation agreement template. A template can be a cost-effective and easy way to create a separation agreement that meets your needs. Here are some of the key elements that should be included in a de facto separation agreement template:
1. Parties Involved: The names, addresses, and contact information of both parties should be included in the agreement.
2. Date: The date the agreement was signed should be clearly stated.
3. Property Division: The agreement should outline how the parties` property will be divided in the event of separation. This may include real estate, vehicles, furniture, and personal belongings.
4. Child Custody: If the parties have children, the agreement should detail the custody arrangements and the type of parenting plan that will be followed.
5. Child Support: If one party will be responsible for providing financial support for the children, the agreement should outline how much support will be paid and how often.
6. Spousal Support: If one party will be providing financial support for the other, the agreement should specify how much support will be paid and how often.
7. Debts: The agreement should outline how any debts that the parties have incurred during their relationship will be divided.
8. Review and Modification: The agreement should include a clause that allows for review and modification in the future if necessary.
It is important to note that a de facto separation agreement is a legally binding document, so it is important to consult with a lawyer before signing it. A lawyer can help ensure that the agreement meets your needs and is enforceable.
In summary, a de facto separation agreement is a useful tool for couples who have decided to separate but are not ready for a legal divorce. Using a de facto separation agreement template can be a cost-effective and efficient way to create a legally binding agreement that meets your needs. Remember to consult with a lawyer before signing the agreement to ensure that it is enforceable and meets your needs.