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Jeanette Soltys from Atlanta Divorce Law Group explains the importance of a divorce settlement agreement, which outlines terms like asset division, debt division, and potentially alimony if there are no children involved. For couples with children, the agreement becomes more complex, including custody arrangements, visitation schedules, and child support. A parenting plan is part of the agreement, detailing legal custody and decision-making authority in case of disagreements between parents. Joint legal custody is common, requiring parents to communicate and make decisions together.