Separation Agreements in North Carolina
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What is a Separation Agreement?
What are the Common Elements of a Separation Agreement?
Parties are given a certain degree of freedom to include any elements in their separation agreement as long as they are not contrary to public policy.
The following are the common elements of a separation agreement in North Carolina:
- Marital residence. If both parties own the home together, a separation agreement can specify who gets ownership of the house after the divorce, the price one spouse would pay to the other in exchange for ownership of the property;
- Child custody and child support. If there are children involved, there are clear guidelines for physical and legal custody, visitation, child support payments, and additional decisions related to these situations;
- Property and debt distribution. A separation and property settlement agreement may specify who receives marital assets and property such as cars, furniture, bonds, electronics, stocks, and savings accounts .The agreement can also cover which party is liable for specific debts both current and future;
- Spousal support. The agreement can address the amount of spousal support payments, how long the payments will continue, and the frequency of payments.
To be valid, a separation agreement must be in writing, signed by both parties, and both signatures must be notarized. Once signed, a separation agreement can be enforced by a court order should any of the parties failed to comply with the contents of the separation agreement. The courts can order any of the parties to comply with the terms and conditions of the separation agreement.
Do I Need a Lawyer To Handle My Separation Agreement?
North Carolina law does not require you to hire a lawyer in order to draft and develop a separation agreement. Some married couples can handle their separation agreements themselves with the help of the internet. However, online generic templates are not advisable substitutes for the expertise and experience of a qualified lawyer. Having a lawyer will ensure that your rights are protected, that conflicts and disagreements are resolved amicably, that no party is taken advantaged of, and that you receive the outcomes that are mutually-beneficial.
The skilled lawyers of Wilson, Lackey, Rohr & Hall believes that while separation is hard, it need not be difficult. Our team will provide personalized attention to help you craft a separation agreement that advances and protects your interest now and in the future. We are ready to schedule a confidential consultation immediately.
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