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Why enter into a separation agreement instead of filing for divorce?

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Why enter into a separation agreement instead of filing for divorce?

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In these uncertain financial times, even if you and your spouse both recognize that you cannot continue to live together, you may not be able to file for divorce emotionally, or financially. Prior to separating, you need to ensure certainty and stability. It is important that you and your spouse know how the supported spouse will be supported during the separation, and for the supporting spouse to understand what responsibilities they will have during the separation. Also, it is important for both parties to know that your children will be properly supported during separation. A separation agreement can provide a set amount of support for you and the children during this new phase in your life, and let the supporting spouse know what they need to pay during this time. Or you may need to be sure that you or your spouse will not put the family further into debt, and that your assets will not depleted during this time, if that is what your agreement encompasses. A separation agreement can

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