What is a divorce agreement?

A divorce agreement is a contract between two people who are divorcing. It contains the terms of their separation and defines the rights, responsibilities, and obligations of both parties. In South Carolina, a divorce agreement is a document that sets out the resolution of all matters, both financial and non-financial, that must be settled before a divorce can be finalized. The agreement typically addresses important issues such as child custody, visitation, child support, spousal support, and division of assets and debts. It also may include other matters related to the divorce such as medical insurance, tax filing status, and naming of other beneficiaries in wills and trusts. When a divorce agreement is reached, it must be put into writing and signed by both parties. In South Carolina, the agreement must be filed with the court for it to be legally binding and enforceable. The court may approve the agreement if it finds that the parties reached an agreement in good faith, that the agreement is fair and reasonable, and that all assets and debts have been disclosed. Once the agreement is approved by the court, it becomes a legally binding contract that can be enforced by either party. It is important to note that both parties must abide by all of the terms of the agreement or risk being found in contempt of court. The court may also modify the agreement if the parties agree or if there is a substantial change in circumstances.

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