Sunday 13 January 2019

Reasons Why It Is Vital To Have A Separation Agreement Ontario

By Kathleen Bennett


Nowadays, marriages have become rocky and only a few people can go through the challenges and come out victorious. As such, a rise in divorce cases is experienced in law courts where most of them lead to many months of war in the courtrooms. However, this time wasting and painful experience may be prevented if a separation document is prepared when the couples meet. Find out the advantages of preparing a separation agreement Ontario in the following abstract.

When families separate, kids are left with the mother and this deprives the father of regular presence to the kids. The law is clear on the age at which the father can stay with the kids and going against it is a crime. To maintain the love of a father to the kids after separation, ensure that a formula stating the visitation days is made way before you come to a divorce.

A family itself is an investment that is made for many years and breaking it means that the long set dreams are all of a sudden shattered. Whatever you have achieved together on your marriage belongs to both of you and must be shared in equal parts regardless of it being property or money. Add this information on the document for future clarity.

Separations force people to live away from each other, but at times it is not possible. If the family had only one home, you are entitled to live in the same roof but separate rooms. However, make it known that a person can move out when they engage in another relationship to safeguard the family image to the kids and stop hurting the other party.

Equipping a house is costly and it takes efforts from both parties to have it filled with electronics and furniture. The value of such items might turn to hundreds of thousands and leaving them to a single party is unfair. Therefore, come up with an agreement on who should keep this and that in case you separate. However, personal gifts and clothes should be left to the owners.

Most families rely on loans for their development agendas, and no one should be left to bear the cross alone. When sharing assets or other materials, it is imperative that you calculate the debts that you both owe to banks and other financial institutions. The debts must be divided without considering whose name is written on them as long as they were incurred during the union.

Most families have a retirement plan where monthly deposits are made to individual bank accounts. These accounts are opened jointly, and everyone is entitled to the savings. Therefore, agree on how they will be shared after a divorce or split without being unfair to each other.

Frustrations and humiliations that one undergoes in a divorce case should not be a part of your life. Prepare your separation agreement when the marriage is still young detailing what each party had before coming into the union. As such, a smooth process will be experienced when separating and a friendly atmosphere will prevail even after the ordeal.




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