Marriage Contract & Prenuptial Agreement
When a couple gets married, the last thing on their mind is their marriage failing. Sadly when a marriage does fail, it can be difficult attempting to come to agreements about the division of property and assets, spousal support, child custody, child visitation and access, the disposition of the marital home, and other such matters.
With a marriage contract or prenuptial agreement in effect, these important decisions can be made before getting married to protect the interests of both people in the marriage. Should the marriage fail, you can have peace of mind that you took care of making the difficult decisions now and can avoid the added stress couples experience when they do not have a marriage contract in place.
While you and your loved one are encouraged to draft your marriage contract, you need to remember it is not legally binding until it is reviewed by our marriage contract and prenuptial agreement lawyer in Markham. Some couples include wishes that are not always binding.
Essentially, you can include any decisions you would typically face during a divorce proceeding into a marriage agreement. Even if you currently do not have children, but intend to start a family, you can include provisions for yet, unborn children into the contract.
Furthermore, if this is not your first marriage, having a marriage contract helps protect any agreements you have to honour as part of your previous marriage or marriages. You are also able to protect any pre-existing assets you acquired.
Remember, if you do not define your wishes and intentions in the marriage contract, you can be left at the mercy of the court in the future to make these decisions for you and your loved one.
To learn more about drafting and creating a marriage contract, please feel free to call our Markham marriage contract and prenuptial agreement lawyer today!