A legally binding contract finalized during divorce proceedings in a specific southeastern U.S. state, it outlines the agreed-upon terms for dividing marital assets, addressing spousal support, and establishing child custody arrangements. This document serves as a roadmap for the post-divorce lives of the involved parties, aiming to provide clarity and prevent future disputes. For instance, it would detail how jointly owned property, such as a house or retirement accounts, will be divided, and specify the amount and duration of any alimony payments.
The utilization of such agreements offers significant advantages in divorce cases. It allows couples to maintain control over the outcome of their divorce, rather than leaving decisions to a judge. This can result in outcomes that are more tailored to their individual circumstances and needs. Historically, these agreements have evolved from simple property divisions to comprehensive plans addressing the complexities of modern families and finances. They can reduce legal fees and emotional stress associated with protracted court battles.