A legally binding contract finalized throughout divorce proceedings in a particular southeastern U.S. state, it outlines the agreed-upon phrases for dividing marital belongings, addressing spousal help, and establishing youngster custody preparations. This doc serves as a roadmap for the post-divorce lives of the concerned events, aiming to supply readability and forestall future disputes. As an illustration, it could element how collectively owned property, equivalent to a home or retirement accounts, shall be divided, and specify the quantity and period of any alimony funds.
The utilization of such agreements presents important benefits in divorce circumstances. It permits {couples} to take care of management over the result of their divorce, quite than leaving selections to a decide. This may end up in outcomes which are extra tailor-made to their particular person circumstances and desires. Traditionally, these agreements have developed from easy property divisions to complete plans addressing the complexities of recent households and funds. They’ll scale back authorized charges and emotional stress related to protracted court docket battles.