Sunday, January 4, 2009

Ensure that your separation agreement includes these things

By James Rankin

First, remember that a separation agreement does not end a marriage, only a divorce can do that. However, an agreement can still be a very important and powerful document. It can be used along with a divorce to set out all the details regarding the split. In that case the divorce ends the marriage but all the details are dealt with in the agreement.

It remains powerful by itself and a divorce can follow in time or not at all. In some cases the separation agreement is enough and couples will get back together or stay married but also separated.

Filing the agreement with the court is not always necessary as it does not make it legal. Signing the document is what makes it legal so long as it is done correctly. Filing the document with the court is sometimes done with the divorce but typically only done when one party breaks the agreement and the other requires the help of the court to enforce it.

It is a good idea to have a lawyer review the agreement before signing it. If each party receives independent legal advice (from a lawyer) before signing or signs a waiver of independent legal advice witnessed by a lawyer then you are covered in certain provinces where some terms of the agreement can't be enforced unless this is done.

Your spouse can ask the court to overturn the agreement because they did not know what they were signing if they did not have independent legal advice. So it is a good idea to make sure they get independent legal advice too.

The care and financial support of children, spousal support, and division of property and debt. These are the main issues that need to be taken care of in a separation agreement. If you do not have one or any of these issues to deal with then the agreement will be easier to make.

The most important things to remember are: 1. to understand what a separation agreement can and cannot do; 2. to make sure that it is signed correctly after receiving independent legal advice; and 3. to make sure it deals with the important issues of children, income and property.

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