Sign New Jersey Banking Separation Agreement Myself

Esigning separation agreement

[Music] hello everyone I'm Alicia I'm the owner and founder of shilova today we'll be discussing what is a separation agreement what a separation agreement contains how you can enforce a separation agreement and the most common question we get is a separation agreement necessary so a separation agreement is a document where a spouse or a common-law partner would enter into at the time and they have decided to move on with their life and that document would contained four to five or on average seven key ingredients if you have children so it'll contain the issue of child custody who would have primary care and control who would have visitation rights when would the father of the mother be visiting birthdays Christmas religious holidays summer vacation traveling out of country a separation agreement would also cover the issue of child support the child support has to be calculated based on the income of the pair in Canada we have a very simple simplified system of child support which is you enter the pair's income and there is a set table which will specify the number of children will be getting the child support amount a separation agreement would also since we're on the topic of support would also cover the issue of spousal support also commonly known as a limiting now for alimony the spouse need to be dependent on marriage or the common-law partner now we always get this question and you may have just noticed that I'm using the word common law and spouse interconnected remember in Canada common-law partners would get you almost you must okay almost equal rights as a spouse and therefore you will often notice I will refer to a spouse and common-law on and off so going back to spousal support even if you're a common-law partner as long as yo you're common-law relationship can be established you are entitled for spousal support provided the criteria for spousal support is met and that you can incorporate in a separation agreement we will discuss in detail when and how you'll be legible for spousal support in another video blog the other aspect that you would want to cover in a separation agreement would be division of property now when I refer to division of property many people call us and say why hi Ellie we do not have a house we're renting an apartment do I really have to enter into a division of property discussion in a separation agreement yes you would have a bank account you would have a basic balance in the bank you may have some credit cards and loans property means assets and liabilities now whatever assets you have those assets do whatever sorry I'm gonna reverse this whatever liabilities you have will be deducted from the assets that you may and that could be your bank account your bank balances if you do not have a house a condo or a vacant land so these were the basic key items that a separation agreement would contain I hope I've answered as many questions as you may have if you have any further questions feel free to reach out to us we provide free fifth consultation over the phone or you can walk into our office it's at shake law or you can visit our website at SLC lawyer start seeing it see you the next block [Music]