This legal document is a Separation Agreement outlining terms for the mutual separation of parties in a marriage. It can be used to:
- Define the living arrangements of each party after the separation, specifying that they shall live separately and apart with exclusive possession of their respective residences.
- Outline the arrangements for the custody and support of any children involved, including primary physical custody and reasonable visitation schedules for the non-custodial parent, with child support payments by the non-custodial parent.
- Detail the division of property and liabilities between the parties, including a list of assets and their allocation, and list liabilities and their allocation.
- Specify terms for spousal support, if applicable, including the amount and duration or conditions for changing support.
- Outline responsibilities for any debts and obligations incurred before or during the marriage.
- Include clauses on health insurance coverage for the children and/or parties.
- Indicate the handling of taxes, including filing separate tax returns.
The document is governed by applicable laws and is constructed in accordance with governing laws. It formalizes the understanding between parties regarding their separation.