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Living Together Separation Agreement
"I need a Living Together Separation Agreement for me and my partner who are separating after 5 years of cohabitation, with a focus on dividing our shared condo and investment accounts, to be effective March 1, 2025."
1. Parties: Identification and contact details of both parties to the agreement
2. Background: Details of the relationship, including cohabitation period, date of separation, and general context
3. Definitions: Definitions of key terms used throughout the agreement
4. Acknowledgments: Statements confirming independent legal advice, full disclosure, and voluntary execution
5. Separation: Formal acknowledgment of separation and future living arrangements
6. Division of Property: General principles and approach to dividing shared property and assets
7. Financial Arrangements: Overview of how shared finances, debts, and ongoing expenses will be handled
8. Mutual Release: Release of future claims against each other's estate or property
9. Dispute Resolution: Process for resolving future disagreements about the agreement
10. Amendment and Review: Procedures for modifying the agreement and periodic reviews
11. Governing Law: Specification of applicable jurisdiction and governing law
12. Severability: Clause ensuring remainder of agreement stays valid if any part is found unenforceable
13. Execution: Signing and witnessing requirements
1. Children: Include when parties have children together - covers custody, access, support, and parenting arrangements
2. Pets: Include when parties have shared pets - covers ownership, care arrangements, and associated costs
3. Business Interests: Include when parties have shared business interests - covers division or continued operation
4. Spousal Support: Include when one party will provide financial support to the other
5. Health Insurance: Include when dealing with shared health insurance coverage or continuation
6. Tax Matters: Include when there are significant tax implications requiring specific arrangements
7. Intellectual Property: Include when parties have shared intellectual property rights
8. Future Dispute Costs: Include when parties want to specify how future legal costs will be handled
9. Confidentiality: Include when parties want to keep terms of separation private
10. Social Media: Include when parties want to establish guidelines about social media conduct
1. Schedule A - Property Division: Detailed list of all property and assets with assigned ownership
2. Schedule B - Household Items: Detailed division of household furniture, appliances, and personal items
3. Schedule C - Financial Accounts: List of all bank accounts, investments, and their agreed division
4. Schedule D - Debts and Liabilities: Comprehensive list of shared debts and responsibility for payment
5. Schedule E - Insurance Policies: List of insurance policies and agreed changes to beneficiaries
6. Appendix 1 - Financial Disclosure: Financial statements and supporting documents from both parties
7. Appendix 2 - Parenting Schedule: Detailed schedule for shared parenting time if children involved
8. Appendix 3 - Support Calculations: Detailed calculations for any support payments
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