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They sound very similar, and in many ways, they are, but how are they different and do you even need them? Get the facts about two common contracts every spouse should understand before separating and/or divorcing!
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A divorce trial can be costly and time consuming. In many cases, the legal remedy through litigation is less advantageous for both parties. In fact, having a court decide the terms of a couple's divorce is very uncommon. But what are the alternatives to divorce court?
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When seeking a divorce, anything and everything is on the table. To split assets and debts - both spouses, attorneys, mediators, arbitrators, and judges need to know the details of each spouse's finances.