If you`re going through a separation or divorce, it`s important to have a separation agreement in place. This legal document outlines the terms of the separation, including how assets are divided, child custody arrangements, and spousal support.

While hiring a lawyer to draft a separation agreement can be expensive, there are resources available that can help you create one for free. Many online websites offer separation agreement templates that you can use as a starting point for creating your own agreement.

These templates are designed to be customizable, so you can fill in the details that apply to your specific situation. They typically include sections for:

1. Property division: This section outlines how assets, debts, and property will be divided between you and your spouse. It may also include provisions for how property will be sold or transferred.

2. Child custody and support: If you have children, this section will outline custody arrangements, visitation schedules, and child support payments.

3. Alimony or spousal support: If one spouse will be receiving financial support from the other, this section will outline the terms of the support agreement.

4. Insurance: If you have health, life, or other insurance policies, this section will outline how those policies will be maintained or terminated.

5. Taxes: This section will outline how taxes will be handled, including who will claim the children as dependents and how any tax refunds or liabilities will be divided.

It`s important to note that while using a separation agreement template can be a helpful starting point, it`s important to have the agreement reviewed by a lawyer to ensure that it is legally binding and covers all necessary details. A lawyer can also help you understand your rights and obligations under the agreement.

Overall, using a separation agreement template can be a cost-effective way to create a separation agreement. It allows you to customize the document to fit your specific situation and can save you time and money compared to hiring a lawyer to draft the agreement from scratch.