If you`re getting divorced in Ontario, you`ll need to have a separation agreement in place. A separation agreement is a legally binding document that outlines the terms of your divorce, including how you`ll divide your assets, child custody arrangements, and any spousal support payments.
Many people wonder if they can do their own separation agreement in Ontario. The short answer is, yes, you can. However, there are some important things to keep in mind if you`re considering drafting your own separation agreement.
First, it`s important to understand that a separation agreement is a legal document. While you can draft your own agreement, it`s always a good idea to have a lawyer review it to ensure that it`s legally enforceable. A lawyer can also provide advice on any legal issues that may arise during the divorce process.
If you do decide to draft your own separation agreement, there are several things you should consider including:
Division of assets and debts: Your agreement should outline how you and your spouse will divide your assets and debts. This includes everything from your house, cars, and bank accounts to your credit card debt and student loans.
Child custody arrangements: If you have children, your agreement should outline the custody and visitation arrangements for each parent. This includes how much time each parent will spend with the children and who will make important decisions like healthcare and education.
Child support: If one parent will be paying child support, your agreement should outline how much they will pay and how often.
Spousal support: If one spouse will be paying support to the other, your agreement should outline how much they will pay and how long the support will last.
Once you`ve drafted your separation agreement, it`s important to have a lawyer review it before you sign it. This will ensure that the agreement is legally enforceable and that it will protect your rights and interests.
In conclusion, while it`s possible to do your own separation agreement in Ontario, it`s always a good idea to consult with a lawyer. Divorce is a complex legal process, and having a lawyer review your agreement can help ensure that it`s fair and legally binding.