A separation agreement is a legal contract between two spouses. Separation agreements are great because they allow both parties to deal with the terms of the divorce without involving the courts.
Things You Can Include In A Separation Agreement:
- Child Custody
- Spousal Support
- Child Support
- Property Division
- Debt Obligations
- Savings
- Pensions
- Stocks, Crypto, RRSPs, RESPs Etc.
Separation agreements are not required in order to get a divorce in Ontario.
Temporary VS Permanent Separation Agreements
There are two types of separation agreements to consider; temporary and permanent. Temporary is valid until the divorce is granted while permanent would come into effect after the divorce is granted.
Key Takeaways About Separation Agreements
- Verbal agreements between you and your spouse may not hold up in court. It’s a good idea to outline them in a separation agreement and get it notarized by lawyers.
- Making a separation agreement with you and your spouse could potentially save you lots of money rather than going through the court system to resolve your issues.
About GTA Divorce
GTA Divorce was made for individuals who want proper family law services without paying an arm and a leg. We use the latest technology to make your life easier. We offer virtual appointments and virtual signings. For uncontested divorces, we even offer payment plans. We offer free consultations, so please fill out the form or call our office today.