Is a Separation Agreement Right for Me?

A Separation Agreement in its truest terms is an “Agreement.” In order for two parties to enter into any contractual agreement within North Carolina, there must be a meeting of minds and a bargain for exchange of mutual promises or undertakings. When it boils down to the basics, a Separation Agreement or Property Settlement Agreement is a Contract dealing with marital issues.

In order to enter into a Separation Agreement in NC, both spouses must come to the same understanding in regards to the division of marital assets, potential payment for support, custody and child support. For some individuals this may be an impossible task, especially with the newly found stresses of separating and living a new life. However, for some couples, working together in a form of Collaborative Law in an effort to come to a mutual agreement just makes sense.

Separation Agreements are the least expensive way to deal with the multiple factors that surround a divorce. A Separation Agreement or Property Settlement Agreement may be entered by any two spouses that are currently married, even if already separated, and can deal with a limited amount of issues, or every issue that encompasses a dissolving marriage. The reason why they are so efficient is they take a very limited amount of time compared to litigation, and can essentially give you the same result for a fraction of the legal fees. If you are considering Separating from your spouse, or possibly a Divorce, contact the Law Offices of David Sheehan and speak with an Charlotte Family Law Attorney today.