Shane L. Jimison, Esq. Jimison/Homiller, PLC 3108 North Parham Road Suite 600-B Richmond, Virginia 23294 T. 804.217.9898 www.JHPlcLaw.com
VirginiaDivorceInfo.com
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This entry was posted on 10/17/2006 2:29 PM and is filed under Divorce.
Separation Agreements (also called martial settlement agreements,
property separation agreements, property settlement agreements, PSAs,
MSAs, etc., etc.) are a way for parties to determine all of most of the
issues to be considered when divorcing, before they actually file for divorce. Issues that can be governed by a PSA include, but are in no way limited to:
division of property
child/spousal support
child custody/visitation
division of pension/retirment plans
tax planning
insurance coverage
The benefits of having
an agreement are numerous, with the chief among them being that the
parties decide, rather than the judge.
In addition to
the security and stability benefits from a PSA, signing one will also
reduce the waiting period from 12 months to 6 months if the parties
have no minor children and are seeking a no-fault divorce.
