If you are having marital problems and have decided to separate, I encourage you to have a legal separation agreement signed by both parties. The process is made smoother by having the terms of the agreement handled by a certified mediator that can help you come to a resolution together.
The reason for a legal separation agreement is to protect you during a separation in case your spouse fails to live up to his/her obligations as outlined in the agreement. You want an agreement that will hold up in court should you have to go to court to have it enforced. Below are some of the financial benefits of a legal separation agreement.