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Common Law Separation Agreement
"I need a Common Law Separation Agreement for my partner and me who are separating after 8 years together, with a focus on dividing our shared condo and investment accounts, to be finalized by March 2025."
1. Parties: Identification and details of both parties to the agreement
2. Background: History of the relationship, including cohabitation dates and basis for separation
3. Definitions: Key terms used throughout the agreement
4. Separation and Living Arrangements: Confirmation of separation and future living arrangements
5. Division of Property: Details of how shared property and assets will be divided
6. Division of Debts: Allocation of shared debts and financial obligations
7. Spousal Support: Terms of any spousal support arrangements, including amount, duration, and conditions
8. Release of Rights: Mutual release of future claims against each other's estate
9. Confidentiality: Terms regarding privacy and confidentiality of the agreement and relationship details
10. Dispute Resolution: Process for resolving future disagreements
11. Independent Legal Advice: Confirmation that both parties had opportunity for independent legal advice
12. Governing Law: Specification of applicable jurisdiction and laws
13. Execution: Signing and witnessing requirements
1. Child Custody and Access: Required if the couple has children - details custody arrangements, visitation schedules, and decision-making responsibilities
2. Child Support: Required if the couple has children - outlines child support obligations and special expenses
3. Pets: Include if the couple has shared pets - details custody and care arrangements
4. Business Interests: Include if either party has business interests affected by the separation
5. Pension Division: Include if either party has pension benefits to be divided
6. International Assets: Include if the couple has assets in multiple jurisdictions
7. Tax Provisions: Include detailed tax arrangements if complex asset division or support payments
8. Insurance Policies: Include if there are life insurance or other policies to be addressed
9. Future Dispute Resolution: Optional detailed mediation/arbitration procedures
10. Social Media and Digital Assets: Include if there are concerns about social media conduct or digital asset division
1. Schedule A - Assets and Property: Detailed list of all assets and their agreed division
2. Schedule B - Debts and Liabilities: Detailed list of all debts and their allocation
3. Schedule C - Child Access Schedule: Detailed parenting schedule if applicable
4. Schedule D - Support Calculations: Detailed calculations for child and/or spousal support
5. Schedule E - Business Valuation: If applicable, business valuation reports and division details
6. Schedule F - Pension Valuation: If applicable, pension valuation and division details
7. Schedule G - Property Appraisals: Any professional appraisals of significant assets
8. Schedule H - Financial Statements: Current financial statements of both parties
9. Appendix 1 - Certificates of Independent Legal Advice: Signed certificates from each party's lawyer
10. Appendix 2 - Financial Disclosure: Sworn financial statements and supporting documents
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