This is a Separation and Property Settlement for persons with minor children. The parties do have joint property or debts. It provides that it is effective immediately and when a divorce action is filed, the agreement will be incorporated into the Final Judgment of Divorce. It contains detailed provisions for the division of assets and the payment of liabilities, cusotdy of the children, visitation, child support, etc. It also contains provisions allowing for the payment or non-payment of alimony.