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Amicable Divorce Agreement
I need an Amicable Divorce Agreement for a childless couple married for 5 years, with a primary focus on dividing our condo in Toronto and investment accounts, targeting completion by March 2025.
1. Parties: Identification of both spouses including full legal names, addresses, and occupations
2. Background: Brief history of the marriage, including date and place of marriage, date of separation, and confirmation that both parties seek an amicable divorce
3. Definitions: Key terms used throughout the agreement
4. Separation and Divorce: Acknowledgment of separation and intention to divorce
5. Division of Property: Details of how matrimonial property and debts will be divided
6. Matrimonial Home: Arrangements regarding the family home, including sale or transfer of ownership
7. Spousal Support: Terms of spousal support, including amount, duration, and conditions for modification
8. Child Custody and Access: Parenting arrangements, decision-making responsibilities, and visitation schedules
9. Child Support: Child support obligations including basic amount and special expenses
10. Insurance and Benefits: Arrangements regarding life insurance, health benefits, and other insurance policies
11. Dispute Resolution: Process for resolving future disputes
12. Tax Provisions: Tax treatment of support payments and property transfers
13. Release and Indemnity: Mutual release of claims and indemnification provisions
14. Amendment and Termination: Conditions under which the agreement can be modified or terminated
15. Governing Law: Specification that the agreement is governed by Canadian law
16. Independent Legal Advice: Confirmation that both parties have received independent legal advice
17. Execution: Signature blocks and witness requirements
1. Business Interests: Section dealing with division or management of jointly owned businesses or professional practices
2. International Assets: Provisions for handling property or investments in other countries
3. Pets: Arrangements for pet custody and care if applicable
4. Educational Expenses: Special provisions for children's future educational expenses
5. Religious Divorce: Provisions regarding religious divorce requirements if applicable
6. Inheritance Rights: Waiver of rights to inherit from each other's estates
7. Social Media and Privacy: Agreement regarding social media conduct and privacy expectations
8. Future Dispute Resolution Costs: Agreement on how future legal costs will be handled
1. Schedule A - Assets and Liabilities: Comprehensive list of all matrimonial assets and debts with agreed values
2. Schedule B - Property Division: Detailed breakdown of how specific assets and debts will be divided
3. Schedule C - Parenting Schedule: Detailed calendar of parenting time and special occasions
4. Schedule D - Support Calculations: Detailed calculations of child and spousal support based on income
5. Schedule E - Insurance Policies: List of all insurance policies and beneficiary designations
6. Schedule F - Pension Information: Details of pension division and calculations
7. Appendix 1 - Financial Statements: Current financial statements of both parties
8. Appendix 2 - Property Valuations: Professional valuations of significant assets
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