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  • Equalization

    Hi, does equalization happen at time of separation when agreement is written or does/can it happen later, if it turns out things actually aren't equal?
    Does your separation agreement have to be seen by a judge or is it binding if lawyers sign it?

  • #2
    The payment of the equalization is usually set out in the agreement. If both parties and their lawyer's sign it, it is considered binding. A judge is not required in any way.

    In my experience equalization was not done fairly but the amounts were still agreed upon to avoid more costly legal bills. I'd rather the children have the benefit of the extra money staying in the family rather than seeing it vanish into the lawyer's coffers on both sides.

    If the net loss is 20k or less it's almost never worth fighting over it. Lawyers will eat up 20k fast in a trial.

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