When a married or unmarried relationship ends, a separation agreement will normally be drawn up. This is a contract that will record the settlement of issues that have arisen during the relationship. Separation agreements are an inexpensive and effective method to settle matters in Mississauga ON. A requisite of such an agreement is that the terms must be fair. It is also important that both parties are in good terms following the end of the relationship that the deal can be negotiated.
What is the purpose of a Separation Agreement?
Parties that want to enter into a separation agreement will the process to be fairly straightforward. Both parties will start by discussing the issues that resulted from the breakdown of the relationship, ideally in consultation with their respective lawyers. The end goal is to attempt to arrive at a solution to each of the legal issues which is deemed satisfactory by both parties.
What does a Separation Agreement decide?
Custody and Visitation - should children be involved, custody details and visitation permissions and schedules will be discussed. It will be decided which parent will be given custody of which children, along with details of custody sharing. In addition to this, a visitation schedule for both parents will be decided on which both parties find to be satisfactory.
Child Support - the sum that each parent will have to pay as child support, and how often this payment will be made will be decided on as well.
Spousal Support - one or both parties will be given an amount that must be paid at specified intervals to the other as spousal support.
Homestead - if a family home is involved in the case, it will be decided which party will remain and which party will move out. In addition to this, which expenses regarding the family home will be handled by each party will be decided.
Personal Property - in the case of personal property, the separation agreement will involve deciding how this property will be divided between both parties.
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Wao. that is a Very informative blog. keep posting.
ReplyDeleteYes I agree with you that Whether a partnership ends in marriage or not, a separation agreement is typically created. This is a contract that will serve as a record of the disagreements that have been resolved throughout the partnership. In Mississauga, Ontario, separation agreements are a cheap and efficient way to resolve disputes. Fair terms are a prerequisite for such an arrangement. In order for the transaction to be negotiated, it is also crucial that the parties get along well after the partnership ends.
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