What your separation agreement addresses:
Your agreement should spell out what each of you will do, when, and who pays, so important details are not left for another disagreement. Depending on your circumstances, it may need to cover:
Your home and other property
Whether one spouse keeps the home or it is sold, how proceeds will be divided, and who pays the mortgage and other expenses in the meantime. Terms can also address vehicles, belongings, savings, and investments.
Debts and shared accounts
Who is responsible for particular balances and payments, and how joint accounts will be handled. Assigning a debt to one spouse does not, by itself, release the other from responsibility to the lender.
Retirement accounts
Which benefits will be divided and how the division will be carried out. Certain retirement plans require a separate qualified domestic relations order, or QDRO; the agreement alone does not complete that transfer.
Spousal support
Whether support will be paid, the amount and duration, and the circumstances under which it may change or end. The wording matters, including any provision that limits future changes.
Arrangements for your children
Child custody, parenting schedules, and child support, along with responsibilities for health insurance, uncovered medical expenses, and child care. Courts retain authority over child-related matters; these provisions should not be treated as permanently beyond review.


