Bank Custody Agreement Template

Example of Bank Custody Agreement Template From our Collections
Example of Bank Custody Agreement Template From our Collections

Bank custody agreement template – Deciding what style of custody agreement is ideal for your child and custody situation can be difficult. Let’s explore the key variances between sole and joint arrangements to provide a better idea or which agreement will suit your situation best.

{Sole Child Custody Agreements

{There are two different types custody, legal and physical. A sole custody agreement may determine a couple of things. Legal custody refers to some authority parents need to make decisions and have responsibility for a child. Physical custody refers to real time each parent has to spend with a child. 1 parent may have sole physical custody of a child, which means the child’s primary care and house is with that parent. If a parent has sole legal custody of a child, that parent has the right to make all legal decisions for the child including decisions regarding medical care, spiritual beliefs and education.

{A sole custody arrangement negates the need to solve issues of visitation. Issues like how transportation is managed for visits, how changes are made to the visitation schedule, if the right of first refusal should be part of the agreement are all issues which should be addressed.

{Joint Child Custody Agreements

{A joint agreement is made when parents share legal and physical custody of the child. Every parent cares and has the child in their home for a significant period of time (though it might not be split equally). As part of a joint arrangement, both parents are involved in raising the child.

{One parent may pay child support as part of a joint arrangement and both parents agree to discuss other expenses for their child. An effective joint agreement should detail how financing of raising the child is handled. There may also be provisions which assist the plan work more efficiently. Provisions may include advice about how to resolve disputes, how changes are made to the agreement and how transport is worked out. Take a look the sample of bank custody agreement template below at the attachment page.