If you want to divorce or break off your life partnership, you don`t need a separation agreement. However, many couples decide to separate first and reach an amicable settlement before undergoing divorce/dissolution and legal proceedings. If you own other real estate (for example. B a car, a holiday home or investments), a separation agreement may also cover the allocation of these assets. To learn more about the extent to which separation agreements are legally binding, click here. Thomas D. Rees, a partner in the labor law practice at High Swartz LLP in Norristown, Pennsylvania, said separation agreements are “highly advisable” when an employee is fired for any reason without serious misconduct.
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