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In this video, I’m going to clear up key misunderstandings about the difference between a signed Divorce Settlement Agreement versus an actual Divorce (when a judge signs your Divorce Decree). A signed Divorce Settlement Agreement is a contract which is enforceable in a court of law. A signed Divorce Settlement Agreement determines all matters related to: • Custody • Child Support • Alimony • Asset & Debt Division A Divorce Decree changes your situation only in the following ways: • It is only upon divorce that you can legally marry somebody else. • Once divorced, you can no longer be on your spouse’s health insurance. • Once divorced, you can no longer file your taxes jointly. • It is only upon divorce that you can complete a tax-free transfer of retirement assets between spouses (but the details of that transfer are set forth in the Divorce Settlement Agreement) • Upon divorce, jointly owned real estate loses some of its important legal protections (such as protection from creditors, in some states) Helpful Blogs: https://www.grainemediation.com/2020/... https://www.grainemediation.com/2018/... https://www.grainemediation.com/2018/... https://www.grainemediation.com/2020/... https://www.grainemediation.com/2020/... https://www.grainemediation.com/2020/... Facebook: Graine Mediation / grainemediation Twitter: @Grainemediation / grainemediation Linkedin: Graine Mediation / graine-mediation Instagram: @grainemediation / grainemediation