A divorce settlement agreement, also called a separation agreement, is a written contract between spouses, and it typically addresses topics such as the division of marital property and debt, spousal support and child custody and support. A settlement agreement may contain many of the same terms as a divorce decree that a judge issues after a fully contested divorce case, but spouses can draw up their own settlement agreement and it can be included as part of the final divorce decree.
A couple’s settlement agreement can be attached to their divorce paperwork for the judge to review, and it will become part of the final divorce decree as long as the judge approves of it, though judges are unlikely to disapprove a settlement agreement between spouses. Once it becomes part of the decree, it is enforceable by the court. If one spouse fails to fulfill her obligations under the agreement, the court can help the other spouse enforce it through a contempt of court finding.
Courts typically encourage parents to include a parenting plan in their agreement. Parenting plans typically address such matters as a child’s living arrangements, visitation by the noncustodial parent, holiday and vacation schedules and what happens if one parent wants to move a long distance away. Parents can also decide how they will make major decisions for the child, including decisions about his education, religious upbringing and medical care. Like other aspects of a settlement agreement, the parenting plan must be submitted to the court and approved by the judge before it is enforceable. Before approval, the judge must decide that the plan is in the best interests of the child.
While each state has its own formula for calculating child support, a court typically considers each case’s custody and visitation arrangement when calculating support payments. However, since child support is intended to benefit the child, not the parents, some courts may require parents to stick to the child support guidelines prescribed by their state. However, the separation agreement can address whether the paying parent will be responsible for paying for the child’s college education, since many states terminate mandatory child support when a child reaches majority, typically when the child reaches the age of 18 or 19 or graduates from high school, whichever is later.