WHAT IS A SEPARATION AGREEMENT?
A Separation Agreement is a document by which a couple resolves all outstanding issues pertaining to their relationship.
Those issues include a division of their property, spousal support, child custody and child support. It also includes clauses dealing with whether or not either party may have the right to share in the Estate of the other party upon their death.
A Separation Agreement is a very important document. It has the same force and effect as a court order, provided that each party has:
• Received independent legal advice
• Made full disclosure of all of their assets and debts
• Agreement was not made under duress, threat or compulsion by any party
• The agreement has been duly executed and witnessed
The above information is of a general nature and is not intended to provide legal opinions. Readers should seek professional legal advice on the particular issues which concern them. We would be pleased to elaborate on any information contained above and how it may apply to your specific circumstances.