Melone Hatley, P.C. can help you understand Virginia marital separation and property settlement agreements. Read more on our website today.This is a comprehensive guide to divorce in Virginia. On this webpage, you will be able to view this packet or download this as a Word document below. This agreement is intended to help the parties formalize an allocation of their property and finances and matters relating to child custody and visitation. A property settlement agreement becomes a legally binding part of the final judgment when your marriage is officially dissolved. Virginia does not require a formal form or format for a separation agreement.