Divorces are all as different from one another as the people involved in them. A divorce can be a relatively simple matter on the face of it, or it can be a complicated, difficult ordeal with many matters concerning child custody and support to be worked out. But all divorces have this in common: The legal processes involved are complex and governed by statute. The rules surrounding divorce can be very difficult for non-lawyers to navigate. If you’re facing the difficult, stressful event of divorce, you will need an advocate on your side who understands all these processes and rules, who can make sure that the courts and the law are satisfied so that your energies can be devoted to weathering the emotional and logistical ordeal. For help in completing the complex divorce process, turn to Lawrence B. Geffen .
Consider Getting a Domestic Contract
Divorces are often not pretty and may stretch out for an extended period. It takes even longer without a prenuptial agreement or a domestic contract. Like any other contract, a domestic contract is used to lay out the terms of an existing relationship. Here, the partners discuss each other’s rights and responsibilities beforehand and mutual consent.
You should note that a domestic contract is only actionable in court if presented in writing. Go through the following section to learn more about them:
A separation agreement is a type of domestic contract that specifies individual partners' terms, rights, and responsibilities when they decide to part ways. It generally covers the following details:
- Child custody, visitation rights, child maintenance, and child health insurance
- Spousal maintenance
- Division of shared assets and division of items that the respective partner is entitled to
- Stating who will be responsible for which debts
- Decisions related to the marital home
In every Canadian province, marriage creates an economic partnership, dictating the rights and responsibilities of married couples in the event of a separation. With a marriage contract, couples can opt out of provincial law with respect to property.
A cohabitation agreement is essentially the same thing as a marriage contract. However, it’s designed for people who aren’t married but intend to live together, or are already living together. Like a marriage contact, a cohabitation agreement helps in determining their rights and responsibilities of individual partners should the relationship end. Some elements mentioned in this agreement include:
- Division of assets
- Whether finances will be shared or kept separate
- Decision regarding the marital home
To know more about domestic contracts, feel free to contact us today.