Separation Agreement in Toronto - Separy Law

1. Pros and Cons of Separation Agreement A separation agreement is a legal document that sets the basis on which separating couplesdivide their joint assets andresponsibilities.

2. Pros Of ASeparation Agreement • Both parties agree that you don’t want to live together anymore. Neither of the partner can allege the other of desertion. • It proves that you don’t want to live together andcan • apply for divorce easily lateron. • A separation agreement is always flexible. You can decide what to and what not to include in a separation agreement. • If you have a joint account, a separation agreement decides if both of the parties still have access to that account.

3. Cons Of A SeparationAgreement • A separation agreement is notalways enforceable in the court of thelaw. • A judge may change some or all of the terms of the agreement if you applyfor divorce on the basis of separation agreement. • The terms in a separation agreement can only be changed if both of the parties areagreed.

4. For more information on Divorceand Separation, pleasevisit, Separy Law Professional Corporation Hullmark Centre, 4789 Yonge Street, Unit 814, Toronto, Ontario, M2N 0G3 https://separylaw.com/