Divorce Mediation Checklist
During a divorce, your life can start to feel disorganized. It’s time-consuming, exhausting, and expensive.
But does it have to be?
Prior to the start of your divorce consider divorce mediation services. Mediation is a popular choice for divorcing couples. It saves you time, money, and stress. We take the concept of mediation to the next level. Our expert at Fairway follow a proven step by step process. This helps even the most contentious couples reach a fair settlement.
We help you draft a separation agreement that’s fair for everyone. And in addition, we have a great resource for you too:
The Divorce Mediation Checklist
Now, with the help of our checklist, you’ll be ready. In turn, you’ll be more relaxed as you move through divorce mediation.
Also, the more prepared you are, the easier the resolution process will be. This divorce mediation checklist explains everything you will need to provide. And lists the documents you’ll want to gather before getting started.
To begin we’ll talk about how our team prepares a separation agreement for you.
Our resolution experts walk you through the process of creating a separation agreement.
The separation agreement can be filed with the courts to become legally binding. It will then form the basis of your divorce settlement. So long as they apply, Canadian separation agreements must cover legal details, children, spousal support, property division, home ownership, debts, and passive income streams.
To begin, you will need:
- The full legal name of each spouse
You also need:
- Date of separation
If you have children, you will need to decide:
- Who has primary custody
- Child support details
Next, if you are entitled to spousal support you need to know:
- How much
- Payment schedule
- How long payments last
- Criteria for ending support
- A complete list of properties
- How property is divided
When one or both people stay in the home you need to figure out:
- Who will live in the house
- Who pays the bills?
If you decide to sell the home:
- Who gets what percentage of proceeds during a sale?
- A list of all debts
- Who handles each payment
- How debts incurred after separation will be handled
Passive Income Streams
- How to divide passive income streams accumulated during the marriage
- Who can make changes or transfers to each passive income stream
The Divorce Mediation Checklist
You need to prove all the claims that you make in the separation agreement.
So, it is vital that you collect all relevant documents before you start the process.
Here is the documentation that most couples need. However, if your finances are complex, you may also need more documentation.
- Tax returns
- Pay stubs and other proof of income
- Valuation of business interests
- Property valuation for:
- Real estate
- Other tangible assets
- Accounts and balances
- Other accounts
- Retirement accounts
- Investments, including stock options
- Appraisals for:
- Accounts receivable & unsecured notes
- Real estate and vehicle loans
- Account numbers and balances for credit cards and revolving credit
- Other any other loans, debts, or sources of income
About Fairway Divorce
Fairway is Canada’s leading national divorce resolution company. Our experienced panel of resolution experts is here to help you. At Fairway Divorce Solutions we specialize in mediation to resolve family disputes.
Please call us today to schedule a no-cost consultation to find out how we can help you.