Voluntary Divorce Agreement

  • Post author:
  • Post category:Uncategorized

When couples decide to end their marriage, they have two options: they can either file for a divorce in court or come to a voluntary divorce agreement. The latter option can be a less acrimonious and more affordable way to end a marriage. Here`s what you need to know about a voluntary divorce agreement.

What is a voluntary divorce agreement?

A voluntary divorce agreement is a contract between a couple who has decided to end their marriage. This agreement outlines the terms of the divorce, such as how they will divide their assets, who will get custody of any children, and how much financial support one spouse will provide to the other.

Why choose a voluntary divorce agreement?

One of the biggest benefits of a voluntary divorce agreement is that it can save time and money. When a couple files for a divorce in court, they often have to pay high legal fees and go through a lengthy and complicated process. With a voluntary divorce agreement, couples can negotiate the terms of their divorce themselves and save themselves the hassle of going to court.

Additionally, a voluntary divorce agreement can be less acrimonious than a court-ordered divorce. When couples go through the court system, they often end up in a bitter dispute over who gets what. With a voluntary divorce agreement, couples can come to a more amicable agreement that benefits both parties.

How to create a voluntary divorce agreement

To create a voluntary divorce agreement, both parties need to be willing to negotiate and come to an agreement. You can hire a mediator or a lawyer to help guide the negotiation process and make sure that the agreement is legally binding.

When creating a voluntary divorce agreement, you should consider the following:

– How you will divide your assets, including property, bank accounts, and retirement funds

– Whether one spouse will provide financial support to the other

– Who will have custody of any children, and how you will split parenting time

– How you will handle any outstanding debts, such as a mortgage or credit card debt

Once you have agreed on the terms of your divorce, you should have it reviewed by a lawyer to ensure that it is legally binding and enforceable.

In conclusion, a voluntary divorce agreement can be a less stressful and more affordable way to end a marriage. Couples should consider this option if they are willing to negotiate and come to an agreement on the terms of their divorce. With the help of a mediator or lawyer, couples can create a legally binding agreement that benefits both parties.