Which of the following statements is true regarding terms in a separation agreement?

The correct statement regarding terms in a separation agreement is that they can include aspects that a court may not order. Separation agreements are contracts made by parties (often spouses or partners) to resolve various issues outside of a court's jurisdiction. This means they can cover a wide range of topics, including matters like property division, spousal support, and other personal arrangements that a court may not necessarily impose.

The nature of separation agreements allows for greater flexibility, enabling parties to address their unique situations with tailored solutions that reflect their mutual agreements, which may not always align with what a court would enforce. This is particularly important in family law, where personal circumstances and preferences can significantly influence the outcome.

In contrast, the other options do not accurately represent the nature of separation agreements. Specifically, while some elements can guide the court's future decisions, the court is not bound by all terms negotiated in a separation agreement, as the court must still prioritize the best interests of any children involved and may refuse to enforce certain provisions. Additionally, separation agreements can encompass both financial and non-financial issues, not just financial matters, and while they can address child custody, any custody arrangement typically still requires court approval to ensure it serves the child’s best interests.