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     What Terms Should Be Included in a Separation Agreement?

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A separation agreement may be advisable when the parties have very different financial situations at the time of the break-up of the marriage. A formal separation agreement can help ensure that all family members' needs will be met.

The terms of such separation agreements vary, but typically include the following items:

  • The spouses' right to live separately
  • Child custody and visitation
  • Child support
  • Alimony or spousal support
  • The children's expenses (medical, dental, educational and recreational)
  • Property and debt division
  • Insurances (medical, dental and life)
  • Income tax treatment

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