Other Property in a Separation Agreement
The Other Property section of a Separation Agreement allows for the inclusion of assets that do not fit into standard categories such as real estate, vehicles, or bank accounts. This ensures that all valuable or unique property is properly accounted for in the division of assets.
Types of other property
This section may include significant assets such as: artwork, expensive furnishings, gold or silver, or other high-value or unique items.
Personal Property
The agreement includes a standard clause that states that that each person will keep their own personal clothing, jewelry, and recreational equipment as sole property.
Household furnishings are typically divided by mutual agreement.
Documenting property division
If you prefer to specify how individual items will be divided, you can use the Personal Property Template provided below.
This tool allows both parties to clearly document who will keep specific personal or household items. Using this approach helps prevent misunderstandings in the future.
Remember: It's always advisable to seek independent legal advice during your separation. A Family Lawyer can help you understand your rights and help you ensure all property is fairly divided.
You'll need a Google Account to access this template:
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Important Disclaimer
Content and videos in The Divii Knowledge Centre provide general information about separation and divorce and is not and should not be considered legal advice. For guidance specific to your situation, it's important to consult with a qualified family lawyer in your area. It's always highly recommended to seek independent legal advice during your separation.
