ACTIVITY: Making a Financial Agreement

To make a financial agreement regarding your separation, there are a lot of things to think about and a lot of details to work out. It is worthwhile to make a list.

What do you need to think about and include in a financial agreement? Make a list of some of the things you think are important to talk about with your former partner.

Immediate and longer term parenting arrangements for the children
Total income for each household
Total expenses for each household
Child support payments
Child care expenses including special and extraordinary expenses
Spousal support - for how much and how long
Determining what is family property and the value of the family property
Deciding how to divide family property
Family debt-how much and how to deal with it