Create a detailed financial agreement covering shared expenses, support payments, and individual costs during separation

A well-structured financial arrangement during trial separation helps maintain stability and prevent future disputes. Key financial considerations must be clearly documented and agreed upon by both parties.

• Shared Housing Costs: Determine responsibility for mortgage/rent payments, utilities, property taxes, and maintenance expenses
• Child-Related Expenses: Establish clear terms for child support, education costs, extracurricular activities, and medical expenses
• Joint Accounts: Decide whether to maintain or separate shared bank accounts, credit cards, and investments
• Individual Expenses: Clarify responsibility for personal costs like vehicle payments, insurance, and discretionary spending
• Debt Management: Address payment arrangements for shared debts and establish guidelines for new debt during separation

Consider consulting a financial advisor or mediator to help create a formal written agreement that protects both parties’ interests during the separation period.