Difference between revisions of "Separation and Separation Agreements"

When a couple separates, each spouse has a right to a share in the property that accumulated during the relationship as well as the increase in value of any property brought into the relationship. If you own other property in addition to your home (for example, a car, a cottage or investments), a separation agreement can cover how to divide these assets too. Refer to script [http://www.cbabc.org/For-the-Public/Dial-A-Law/Scripts/Family-Law/124 124] on “Dividing Property and Debts” for more on this topic.

When a couple separated, each spouse is usually responsible for one-half of the debt accumulated during the relationship. This can be covered in a separation agreement too. Until then, decisions must also be made about paying for the family bills. Does the spouse who gets the use of the house have to pay the mortgage? Who will pay for the credit cards and utilities? Refer to script [http://www.cbabc.org/For-the-Public/Dial-A-Law/Scripts/Family-Law/124 124] on “Dividing Property and Debts” for more on this topic.