Westborough Separation Agreement Lawyers in Worcester County
The terms “Divorce Agreement” and “Separation Agreement” are rather interchangeable. A Separation Agreement has nothing to do with what some people think a legal separation is – remaining married but legally living apart. In fact, in Massachusetts, there is no such thing as a formal legal separation. Whether you are married or unmarried – you have the right to live with or without whomever you choose.
In the context of a divorce, a Separation Agreement and a divorce judgment often go hand in hand because, typically, the components of these contracts are ordered by the Judge to be included in the final divorce judgment. The Separation Agreement spells out the rights and responsibilities of each spouse as they dissolve their marriage and all the assets and debts that had been obtained during the marriage.
A clearly defined Separation Agreement allows for a smoother transition from being married to living separately and starting a new individual life. They lay out how all the marital funds are to be divided, how marital debt is to be paid, what property each spouse will retain individually after the divorce, whether any premarital property will be retained by each spouse individually, whether alimony or child support will be paid, as well as a host of other things necessary to be able to move forward with your life. If there are children involved from your marriage, your separation agreement will also layout custody and parenting plans.
A separation contract may vary in length, depending on what issues need to be resolved, the nature of any financial disputes, and the complexity of property division. With over 35 combined years of exclusive family law experience, our dedicated team of attorneys can help you through the divorce process if you and your spouse are looking to separate. Our skilled Westborough separation agreement lawyers can draft a contract that fairly accounts for your needs and lifestyle. We have drafted very simple agreements when couples do not have much to divide either due to a lack of resources or a very short-term marriage. We have also drafted very complex agreements over fifty pages long.
Terms of a Separation Contract in Westborough
When referring to a Separation Agreement in the context of a divorce, there are quite a few major issues that are determined within that contract. What is included greatly depends on the circumstances of the parties. If, for example, the separating spouses do not have any children, there are not going to be any parenting or custody-related issues. Similarly, if both parties are financially independent and earn similar amounts of income, there may not be any alimony payments to discuss and a waiver of alimony may be more appropriate If one of the spouses had previously or had built a business during the marriage, what happens to that business and the value of the business needs to be included.
If the divorcing couple does share a child, there should be terms outlining custody, parenting time, and financial support for raising the child. In Massachusetts, that financial support includes college expenses for the child after he or she graduates from high school. There also may be provisions about medical coverage and extracurricular activity expenses.
Other sections in a separation agreement often include:
- Division of personal and real property
- Life insurance policies
- Decisions regarding state and federal tax filings
- Valuation of business assets
- Division of marital debts
The level of conflict between the parties and the number and value of assets and liabilities within a marriage determines whether additional clauses are needed. Our lawyers at O’Connor Family Law can help an individual who is separating from their spouse create an agreement in Westborough.
