A Separation Agreement is a legal document created when a couple decides to live apart but is not yet divorced. This agreement outlines the terms of their separation, including issues like child custody, property division, and financial responsibilities. It helps both parties understand their rights and obligations during the separation period. The agreement can be tailored to fit the specific needs of the couple, ensuring that matters related to children, assets, and debts are clearly defined. While it is not a divorce decree, a well-drafted separation agreement can simplify the divorce process later on if the couple chooses to proceed with it.