Wednesday, June 6, 2012

Importance of separation agreement

Separation:
When a couple who have been living together as husband and wife decide to separate, their parting may have no legal consequences, except when they have established some form of partnership which is then to be disbanded. For a married couple with no hope of reconciliation, however there are many legal implications.

Separation occurs when a couple chooses to no longer reside as a married couple. Therefore finances, assets, and debts are divided among the two, and they can begin living separate lives Moreover, couples also talk about and agree upon custody. When couples legally separate marriage is not dissolved and therefore is not considered a divorce. Issues related to marriage, divorce and separation are regulated by state laws.

Is the agreement legally binding?
Under South Africa law, if a person married, unmarried or divorced. If he/she wishes to separate from partner before instituting divorce proceedings the separation has no legal status.


Divorce and separation –Overview
A divorce formally dissolves a legal marriage. While married couples do not possess a constitutional or legal right to divorce, states permit divorces because to do so best serves public policy.

Legal Separation-Definition
Legal separation is a legal process by which a married couple may formalize a de facto separation while remaining legally married. A legal separation is granted in the form of a court order, which can be in the form of a legally-binding consent decree. The most common reason for filing with courts for a legal separation is to make interim financial arrangements for the two of them, such as deciding which one will pay which bills, possess which property, and whether one of them shall pay the other temporary financial support.

What for
A separation agreement allows a husband and wife to agree on all of the same issues that would need to be decided upon divorce, including maintenance or alimony, division of marital property, child custody and child support.

The legal and financial effects
When a husband and wife separate by private agreement or by deed of separation, their legal rights and obligations change. However, since the marriage has not been ended, they still bound by their marriage vows and may therefore not marry anyone else. If one of them does commit adultery, the other may use this to support an application for divorce. This party will also have the right to sue the co- respondent for damages, although these are likely to be slight in view of the fact that the parties are living apart and the consortium has already come to an end.

Maintenance payments are dealt with ultimately only by the Supreme Court. If separation is by agreement court proceeding will have to be instituted if either partner wishes to change the provisions for the children without the other's consent.


Married couple
A married couple, who decide they can no longer live together but, because of their religious convictions cannot divorce, may separate informally or by some form of deed of separation.
Until the promulgation of the the Divorce act1979, a couple could obtain a decree of judicial separation in only two ways:
By informal agreement
By a deed of separation, preferably one which is drawn up by an attorney or notary


Property Arrangements
The terms of a formal deed of separation cannot be made binding on creditors of the couple, unless a creditor knows the terms in advance. Therefore, if a couple married in community of property subsequently separate, their creditors can still recover payment for debts from both parties to the same extent as if they had not entered into a deed. This holds true even if the couple have divided up their possessions and the debt concerns property that has been taken by only one of them.


What the agreement includes:
• For most spouses the agreement include these issues
• Who the children should live with and how decisions about the care and control of the children will be made (custody and guardianship)
• How the spouses will share the children's time (access)
• Whether a spouse will cover the children's financial need (child support)
• Whether a spouse is entitled to financial help meeting his or her expenses, and if so, who should provide that help and in what amount (spousal support)
• How the assets will be shared and how debts will be paid (property division)
If parties can manage to settle these issues they should consider getting a separate agreement for two reasons.

First, they are legal contracts that can be enforced by the court
Second, it's much cheaper and often quicker to resolve these issues by agreement than in court.
The care and control of children
There are many different types of parenting arrangements that can be agreed to in an agreement. Party settle the issue of with whom children will live, share responsibility of looking after children, visiting rights.

The family home
An agreement can also say whether one spouse will get to keep the family home or whether it will be sold. Even if the house is in one spouse's name, the other spouse is almost always entitled to a share in it.

Other assets
When a couple separates, each spouse has a right to a share in all the family assets. A separation deed can cover how to divide these assets.

Debts
Does the spouse who gets the use of the house have to pay the mortgage? Who pays the credit card bills? Should both spouses be responsible for all of the debts or just some of the debts? These issues can also be covered.

Family business
If parties run family business together they probably won't want to be business partners any longer. It is important to resolve all of the financial issues relating to business in the agreement.

Essential features:
• Legal definition
• Legal status
• Benefits
• Issues to settle for
• Child custody
• Finances
• Assets and property

Reason to buy from Net Lawman:
The partnership agreement from Net Lawman provides you a comprehensive range of agreements that save your time and can be amended accordingly as and when required.

2 comments:

  1. It's so hard to find any proper information about the separation agreement! Thanks for writing such a detailed post! I'm sure you'll agree with me that everything that was bad about your marriage will get worse during the divorce. So, you need any kind of support, even informational support is great! In case you are interested in the divorce rates around the USA, you may click here to learn more.

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