Qualities of a Good Separation Agreement

1
Qualities of a Good Separation Agreement

• This presentation gives an overview of a good
  separation agreement.

2
Children Maintenance Arrangements

• Children are the most essential part of a
  couples life and should be dealt with a lot of
  care.
• Arrangements for the school of children should be
  set out in the contract.
• The contract should highlight the activities of
  the children, the time to spend with each parent
  and their allowance.

3
Terms and Agreements of the House

• A separation agreement should state that who will
  have the house and how much.
• It is a wrong concept that the house is divided
  between the two spouses EQUALLY.
• A separation agreement may decide that the house
  can be divided between the two spouses but ONLY
  if the spouses agree.

4
Reasonable Personal Effects

• A good separation agreement should set out the
  basis of Reasonable Personal Effects.
• Personal Effects are the personal belongings of
  the spouse.
• These should not be considered in the matrimonial
  assets.

5
Financial Assets

• A good separation agreement should define the
  terms about financial assets.
• It should describe who will get how much.
• It shouldnt be biased or unjust.
• Financial assets are to be divided with the
  mutual consent of the couple.

6
Lump Sum Payments

• All the arrangements of lump sum payments should
  be mentioned.
• Any settlement of lump sum payments between the
  spouses should be made written in the agreement

7

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