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A Separation
Agreement is a permanent contract between spouses, generally negotiated
with assistance of independent counsel, which resolves all issues
related to the dissolution of the marriage.
Provisions of a Separation Agreement may include the date of separation,
child custody, visitation, child support, alimony, college
contributions, use and possession of the family home, disposition of the
family home, division of assets and liabilities, health insurance, life
insurance, waiver of inheritance rights, attorney’s fees and costs.
It is important to consider the tax consequences of a proposed
Separation Agreement, such as the after-tax effect of alimony and child
support, and to seek legal advice prior to signing a Separation
Agreement.
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