SEPARATION AGREEMENTS

Instead of a divorce, parties may wish to enter into a separation agreement. Separation agreements can resolve the same issues listed above, but the parties agree to live separate and apart for a period of time instead of consenting to the entry of a final judgment of divorce.  Couples may choose a separation agreement rather than a final settlement agreement for multiple reasons: first, a separation agreement permits one spouse to remain on the other spouse’s medical insurance.  Once a judgment of divorce is entered, ex-spouses cannot be covered under the other’s medical insurance.  Second, the parties may be unable to afford the filing fees associated with a divorce filing.  Third, the parties may be working towards a reconciliation, and are not ready to move forward with a divorce.