The agreement is a legally binding contract that defines the rights and obligations of each party towards the other. The terms of the agreement are usually obtained either through mediation or through negotiations by lawyers. If an agreement can be reached fairly quickly between the parties and a separation agreement can be concluded, it costs less and less one-time than opening legal proceedings. Many couples formalize their separation in this way. Technically, no. In the asset allocation, a couple takes into account the debt-to-asset ratio and the loans that secure different properties. Inherited or donated real estate remains the property of the original beneficiaries. You can also enter into a separation agreement that lasts for a set period of time. .