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Broadly speaking, these are the elements that need to end up in the final draft of the separation agreement: Asset division. Debt division. Partner support. Spousal benefits. Allocation of certain costs. Child-related subjects. Property expenses.

One of the biggest disadvantages to a legal separation is that you and your spouse remain married. If you want to remarry, you will not be able to do so unless you obtain a full divorce.

Separation agreement. n. an agreement between two married people who have agreed to live apart for an unspecified period of time, perhaps forever.

They often include: It Gives You Time Apart. Even if your marriage isn't working, you might not be ready for a divorce. ... You Can Stay on Your Spouse's Insurance. ... Financial Considerations. ... Cultural and Religious Beliefs. ... You Can't Remarry. ... The Process Isn't Necessarily Easy.

Separation, in law, mutual agreement by a husband and a wife to discontinue living together. A legal separation does not dissolve the marriage contract but merely adjusts the couple's obligations under it in light of their desire to live separately. Practically, however, separation is often a prelude to divorce.

Separating can be a financial blessing when compared to divorce. It allows spouses to remain married and still live apart. This can be less expensive, as separation can protect existing benefits. You can continue to share health insurance and pensions that may otherwise be lost in a divorce.

A separation agreement is useful if you haven't decided whether to divorce or dissolve your civil partnership, or if you can't do so yet. It's a written agreement that usually sets out your financial arrangements while you're separated.