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What is a Separation Agreement?

What is a Separation Agreement?

Q: What is a Separation Agreement?

Any couple going through dissolution in Ohio is required to have a Separation Agreement. This is essentially a legally binding contract between two parties that mainly sets out all the assets and liabilities of the case.

Assets are things like vehicles, stocks, and bonds, real estate, retirement or profit-sharing plans, jewelry, household furnishings or pretty much anything else valued over $500. Liabilities are another part of the separation agreement and usually consist of credit card debt, mortgages, and student loans.

To file this agreement with the court, it's required that both parties agree on every issue outlined in the Separation Agreement. Assets must be divided and who is responsible for which debts need to be clarified. Any spousal support will also be included in this agreement.

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Delaware, OH

Columbus, OH

Dublin, OH

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