The purpose of a marriage separation contract is to let couples stay apart for an indefinite period and reconsider their marriage as well as divorce. In case you are thinking of going for a separation for over a few months, it is important to do the same. However, these are a few things that you should do before signing a Cohabitation Agreement. Please visit this website for more info about legal separation agreement.
Know your finances
In case your spouse has dealt with your finances during marriage, you may completely find yourself out of the loop in case you suddenly separate. You will be unable to know what you are buying, selling, investing, spending or earning. You need to avoid such situations.
Get your own credit cards
You need to get credit cards for yourself, your own name, before signing a marriage separation agreement. Sound credit happens to be the basis for your monetary well being. In case you lack credit only in your name, obtain a credit card as quickly as you can.
Shut down every joint credit card account
At the time of separation, you will be still held responsible for all those debts incurred by your husband - especially in case you lack a legal contract that mentions otherwise. Raking up debt on some credit card being held jointly will let you into a very dangerous situation.
Get in touch with a divorce lawyer
Contact a divorce lawyer and then draw a separation agreement that is legally binding. In case there is only one thing that you can do, this is what you should do. It mentions all the terms by which you can live apart when you are still married legally.
Please visit this site to draft a sample legal separation in NJ.
Read another blog about marital separation forms here at - https://maritalseparationforms.wordpress.com
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