A separation contract is a legally binding contract between spouses or common-law partners who are separating. It covers key matters such as property division, child custody, spousal and child support, and other financial responsibilities.

📝 How It's Done:

• Both parties negotiate the terms of separation.

• Full financial disclosure is required.

• The agreement is drafted and reviewed by lawyers.

• Both parties sign the contract, and it is legally binding.

✅ Why It's Important:

• Provides clear terms for asset division and financial obligations.

• Avoids costly court disputes.

• Protects the rights of both partners and any children involved.