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Prenuptial Agreement

A prenuptial agreement, often regarded as a Prenup, is a written agreement by couples who have amassed a significant asset and would like to determine how they will split finances and support in case of a separation or divorce. Getting a prenuptial agreement before or after you marry is essential.

What Is Prenuptial Agreement?

Prenuptial agreement is a legal agreement that can protect your assets and can help you handle cases of child support, division of assets, and decisions that might be highly controversial in a divorce arrangement. In addition to reducing the risks of a divorce, you must converse with your partner about how you can split shared property. The process of obtaining a legal prenuptial contract in Toronto begins with communicating with a marriage contract or divorce lawyer.

Content of a Prenuptial Agreement

Married couples use a prenuptial agreement, while unmarried couples use a cohabitation contract. Below are the most common things to include in a prenuptial contract:

  • The assets, possessions, and investments of each spouse.
  • Property brought into the marriage or procured is to be split in case of divorce.
  • Who is the decision-maker regarding child-rearing-related matters such as health and education?
  • Concerns about child support payments.

Why You Need a Lawyer?

A prenuptial agreement lawyer assists you in writing a legal prenuptial document. They must specialise in marriage agreement documents. A prenuptial agreement must be valid and enforceable. You can achieve this by seeking legal advice. Furthermore, for the marriage contract to be valid, couples must meet requirements under the Family Law Act. Such conditions include that both parties must voluntarily sign an agreement and understand the implications of the contract. There is a better chance that the contract will be valid if both spouses have lawyers to assist them with the process.

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Purpose of a Prenuptial Agreement

Many couples fail to realize the advantages of a prenuptial agreement. However, marriage is an economic collaboration with rights and responsibilities for both spouses under the law.

It may not even be in your thoughts that your marriage will fall apart, but it only makes sense for both spouses to consider that such issues might arise. It is because it is more difficult to negotiate the advent of shared property and assets if you wait until the marriage is in disarray before taking any steps.

Furthermore, you can use prenuptial agreements to make provisions for the surviving spouse if one spouse dies. A prenuptial agreement is valid until the couple agrees to change it unless the contract specifies a termination date. If both spouses cannot agree, the court will step in.

Modification of a Prenuptial Agreement

The inability to predict the future is one of the reasons for creating a prenuptial agreement. So when drafting a marriage contract, it is necessary to remember that feelings and circumstances can change.

Your prenuptial agreement may not represent your interests when the marriage dissolves. Both spouses may want to revisit, review, and update your prenuptial agreement from time to time. You can also allow for change within the agreement by including clauses that state that the contract will need to be revised or will end on a specific date.

Why You Need a Family Lawyer at Divorce Go

When drafting the prenuptial agreement, it is best to seek legal advice. If the deal is invalid, all or part of it will be null and void. It is possible to get prenuptial agreement forms online, although it is advisable to get a Prenuptial Agreement that truly meets both parties needs. An experienced family lawyer should do this.

Online Prenuptial Agreement forms cannot communicate the required expectation and give a detailed explanation of what is required for you to do or not do when it comes to reaching an agreement. Without independent legal advice and financial disclosure, the terms outlined may seem difficult to comprehend and implement during a divorce.

In Toronto, Divorce Go is available to give details about what you need to complete a prenuptial agreement. Consult the Family Lawyers at Divorce Go in Toronto to prepare you for married life and any event that might arise. Our experience and know-how can help clients get married wisely without having to face pressure and anxieties from unforeseen circumstances.

Hire Prenuptial Agreement Lawyer

The prenuptial agreement is a preventative measure to avoid future financial conflicts. So, if you intend to enter into a marriage contract, try to make a plan before actually signing the contract.

Before consulting a family lawyer, one should discuss the potential issues with the future spouse. Following the negotiation, couples should write down various topics that may cause disagreements later on at the time of death or separation. The lawyer will perform better drafting once you clearly understand your decisions.

Divorce Go has a simple form to give details on what both partners want in a prenuptial agreement. Our expert lawyer simplifies complicated legal terms.

After completing the contract details, our lawyer submit the documents to the family court for further approval. After approval, the spouses collect the facts.

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T C.
Excellent experience!!! From beginning to end it was a... seamless divorce journey. The staff at Bluetown are friendly, attentive, diligent and informative. They do not have any hidden fees as all fees are transparent and discussed prior to the start of the process. I am super thankful I found this firm. Do not hesitate to contact them. Thank you Bluetown Law! 🤩read more
Nancy S.
Nancy S.
My friend recommended Bluetown Law and at first I was a... little hesitant. After speaking with Mina Abrahimi for a consultation, I felt more comfortable, and I went ahead and I used them to file my divorce. Mina A, and Christine Rodrigues are very professional and at any time I needed to have a call with them or an email was sent, they would get back to me within the hour or the least by end of day. Their fees are very reasonable, compared to other firms. I would definitely recommend Bluetown Law to anyone in a similar situation as mine.read more
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Jill R.
Easy, and super helpful. I had no clue where to start when... it came to getting divorced. My ex lived abroad and I lived in Toronto. It could not have been more straight forward and easy. Thank you!!!read more
Michelle V.
Michelle V.
This law firm is truly amazing the price i paid was so... reasonable compared to other law firms for a international divorce. The receptionist Christine is extremely friendly and helpful as well as I was receiving help from Dyvanshi during the period of my divorce going through court and she was so friendly and helpful and supportive through the process of my divorce. Thank you so much to you all and I will definitely be recommending others to you.Best Regards,Michelleread more
Kate W.
Kate W.
Super easy process to complete, but in all calls and emails... I never felt rushed. Very thorough and I felt all my questions were answered. Very happy!read more
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