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Jeanette Soltys from Atlanta Divorce Law Group explains the importance of the divorce settlement agreement, which includes terms for asset division, debt division, and potentially alimony. For couples with children, the agreement also addresses custody, visitation, and child support in a parenting plan. Legal custody outlines decision-making for the kids, with joint custody being common. The plan also designates final decision-making authority if parents can't agree on child-related issues.