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The uses of a divorce settlement agreement

Couples in South Carolina who are getting a divorce may also put together what is known as a divorce settlement agreement. This document can offer a great deal of protection to both individuals. For the agreement to be mutually beneficial, however, it's important that it be prepared carefully and followed by both parties.

A divorce settlement agreement may be necessary if the couple must remain connected in some way after the divorce. This might be due to having children together or shared assets such as a business or real estate. People should keep in mind that the divorce settlement agreement supersedes any favors one spouse might provide to the other. In other words, if a spouse does something for the other out of kindness and the other spouse later tries to claim that the favor set a precedent, the response will be that the terms of the divorce settlement agreement are the ones that matter.

Because of the importance of this document, a person should make certain that they understand all aspects of it and that it says what they intend it to say. Understanding the divorce agreement can also provide a person with more confidence if they must appear before a judge in matters that deal with upholding the agreement.

Emotions may be high at the end of a marriage, but making good practical decisions is also important. An attorney may be able to assist a person in putting together a divorce settlement agreement that thoroughly covers critical points. The lawyer might also be able to assist a person in striking a balance between pursuing certain financial matters too aggressively and dragging out the divorce versus allowing too many concessions and endangering their own financial freedom.

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