Who Should Have One & Why?
A prenuptial agreement, or “prenup,” is a written contract made between two people before they are married. By contrast, a postnuptial is an agreement that can be thought of as a prenup after marriage. Both agreements outline the prospective spouses’ rights and obligations upon the dissolution of their marriage. These agreements set out the respective party’s’ rights and obligations with respect to division of property, support obligations, the educational or moral upbringing of their children, among other matters.
This often recommended in scenarios where the parties are entering the union with substantial property, unequal income, where a party is entering the marriage with debt, where one party or both owns a business, or where parties are entering the marriage with children from a previous marriage.
Generally benefits include:
- Expediency
- Reduces stress & conflict
- Defines marital property
- Ensure financial stability for your children
- Protects your business
- Allocates debt & liabilities
- Create a mechanism for resolving disputes
Mississauga Lawyers & Prenup Lawyer Cost
If you are seeking to set aside a prenuptial agreement, you bear the burden of proving that there are valid grounds to set aside the contract. A court may choose to set aside a pre or postnuptial agreement where a party fails to disclose significant assets or liabilities, where a party did not understand the nature or consequences of the agreement, or for any other reason according to contract law.
When if comes to pre or postnuptial agreements, our team can help you address any questions or concerns, determine whether a pre or postnuptial agreement is appropriate in your situation, review and prepare your financial disclosure, negotiate and draft an agreement, provide independent legal advice, or help you set aside a previous agreement.
Begin your marriage on the right path knowing that you and your spouse made the responsible decision to plan for the unexpected and protect your families’ financial future. Our lawyers are here to help. Please contact us for our prenup lawyer costs as it is dependent on your particular situation.
