Tag: Marriage Contract
How to Ask Your Partner for a Marriage Contract
Understanding What a Marriage Contract Covers
A marriage contract, commonly referred to as a prenuptial agreement, is a legally binding document that outlines how financial and property matters will be handled during a marriage and in the event of separation or divorce. In Ontario, marriage contracts are governed by Part IV of the Family Law Act, which allows couples to create agreements addressing various financial aspects of their relationship.
A marriage contract can be signed before or during marriage and is often used to clarify each partner’s financial rights and responsibilities, helping to prevent disputes in the future.