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How are NHL seasons tickets divided in separation agreements?

Dividing assets during a divorce or separation can be challenging. While there is a great deal of case law regarding typical disputes related to separation agreements, some situations may be more unique than others. This was certainly the case for an Alberta couple who recently battled over NHL season tickets in family court.

Separation agreements 101: What to know before you begin

Before two people can get a divorce in Alberta, they must first separate for a minimum of one year. While there is no legal requirement to do anything beyond agree on a date of separation, many people find it useful to create separation agreements. By making certain arrangements in advance, there should be less chance of disagreements down the road.

Wedding planning may foreshadow separation agreements

Planning the big day can be exciting and fun, but it can also be stressful. Depending on the size and scope of one's wedding, it could take months to plan and thousands of dollars to finance. However, wedding planners say that the time taken to plan a wedding can also provide fairly reliable insight into the future issues the couple may experience as the marriage evolves. Some Alberta couples who expect happily ever after may soon end up signing separation agreements.

How are separation agreements agreed upon?

In a divorce situation, there are a number of issues that must be worked out, including asset division, child custody and others. Child custody is often one of the most contentious of the issues represented in separation agreements, as some Alberta residents are already aware. However, there are a number of options available to a separating couple that can help them come to the most beneficial agreement for their children.

Financial planning and divorce

According to the law, couples should receive a 50/50 split of their assets following a divorce. This means that Canadian divorcees may need to reorganize their retirements. For this reason, couples are encouraged to speak with a financial planner prior to going through with their divorces.

Separation agreement may be the answer for you

Getting a divorce is never easy. There are so many decisions that need to be made. You may even need to be separated for a time. This is what a separation agreement is for. At Calgary Family Law Associates, we are familiar with this subject and can listen to your story carefully and give you your options in a no-fuss manner. Sometimes, divorces can take months and years to be completed. If children are involved, it can get even more complicated and drag out for a long time. Being legally separated means you are still married and have issues that need to be worked out.

What you should know about legal separation

Unlike getting a divorce, which is when a marriage ends, a legal separation is a court order that states the rights that each partner has while he or she remains married to the other but live apart. Although legal separations are not all that common, they are sometimes used in situations where the spouses have financial or personal issues that might affect the marriage.