During a divorce or separation, people wonder what happens when a prenuptial agreement exists and the changes that happen. Its also called a marriage contract, where two people agree to certain rules and conditions that come to effect when they apply for separation or divorce. Family Law Firm Toronto is an expert when it comes to dealing with these issues. They guide people in making decisions that they wouldn’t want to regret. Their lawyers are experienced in handling divorce cases and provide legal help to families.
Marriage Contracts
The marriage contract is legal when it is executed by professional Ottawa family law firms. There are some incidents where the contract is drafted by the married couple and hasn’t been reviewed by a family lawyer, then the validity of the agreement will come into trouble during the divorce. The marriage contract is created to assess the capital, property and valuable items of the married couple if they divorce in the future. Couples can choose to include finance and religion as well.
Separation and Marriage contracts
Married couples who are having children, respect the decision of the kids while getting divorced and leave the ultimate decision to the court. The investments, property and money that aren’t mentioned in the contract will be equally divided based on the family law. This makes divorce and separation tough as a divorced person could lose a lot of their assets that existed before the marriage itself. To protect their wealth, Ottawa family law firms help people create marriage contracts. If the house in which the married couple is currently living, i.e. their matrimonial home is excluded from the contract, the house won't be divided after the separation. No matter whose house is it, the property won't be divided unless mentioned in the contract.
Who can create the prenuptial agreement and its conditions?
Some married couples create the marriage contract to keep their assets safe and include the division of assets according to the ownership of the assets. Due to this, the things owned by the spouse before and during their marriage are protected. The Ottawa family law firms can help spouses create the agreement according to their fit. Their lawyers know and will help protect the interest of the spouse.
The contract is created with certain terms and conditions that are accepted and controlled by the couple. They are free to address their concerns regarding their relationships before their marriage. The marriage contract is flexible, making it personal to the couple. The prenuptial agreement is created even when people live together, calling it a cohabitation agreement. The Ottawa family law firms help couples make decisions regarding their future.
Davies Law Firm is renowned for helping families deal with complex situations. They make legal procedures stress-free and help people with child custody, arbitration, contracts and agreements, and divorce. They are committed and provide excellent services to their clients. They are affordable and help clients achieve their legal goals. For more information about family lawyers, do follow us on Linkedin , profilecanada and spoke.
