Received an Early Inheritance? Learn How to Protect it in a Divorce
Early inheritances are becoming more routine lately, and are coming up for discussion in families more often. Perhaps your aging parents have earmarked some Estate funds for you, and are thinking about putting them in your hands now, before their inevitable passing. That way, you can enjoy it sooner rather than later. This kind of unexpected windfall can provide you with a significant...
Why Business Owners Should Consider Entering into a Marriage Contract Before Marriage
Marriage is not only a union of hearts but also a union of assets, responsibilities, and commitments. This union can be particularly complex for business owners, as it can involve substantial financial interests and assets built over years of hard work. While no one enters into marriage thinking about divorce, it’s prudent for business owners to consider the potential benefits of a...
Are Prenups Only for the Wealthy?
Prenuptial agreements or marriage contracts are something that most Canadians are only familiar with because they have seen them used as part of a plot on a television show or movie. And it is no surprise. According to a 2017 Ipsos survey, only about 8% of Canadians have one. In the US, the number is higher but it’s still not huge – only about 14% of Americans have a prenup. Prenups have the...
A Few Prenup Must-Knows for Canadian Law
You planned the perfect proposal, and the love of your life said yes. You’re elated – you can’t wait to spend the rest of your life together. That is, until your best friend says, “Have you considered a prenup?” Now, you’re confused and wondering if this legal document is a prerequisite to marriage. Read on to learn about the must-know facts about prenup agreements. What’s a Prenup? A...
Should You Be Offended by Your Fiance Wanting a Prenup Agreement?
Imagine this: you and your fiancee have just sat down over coffee (or something stronger, depending on how the process is going) to work on wedding planning. Between discussing the merits of deejays versus live bands, she blurts out, “I want a prenup.” The conversation comes to a halt. There are so many preconceptions about prenups (short for prenuptial agreements) that you’re not sure how to...
Want to Keep the Matrimonial Home? You NEED a Prenuptial Agreement
They say love conquers all… until it comes to divorce proceedings and the distribution of property. Then, all bets are off. Things can become especially heated when the soon-to-be exes discuss what happens to their home. Tempers can rise and you might find yourself saying things you’ll later regret. All that can be avoided, though. Drafting a prenuptial agreement can prevent arguments about...
Do Your Spouse’s Parent Object to a Prenup?
Prenups can be difficult to negotiate. When you’re about to get married, you want to be thinking about all the good times you’ll have, not the potential for the relationship to end. But a prenup isn’t a forecast of failure; rather, it is a sensible precaution that sets out how assets and support will be handled in the event that things don’t go as planned. Of course,...
Is Having Cold Feet Warning Sign You Should Get a Prenup?
Having cold feed is only natural for anyone tying the knot. Getting married is one of – if not – the biggest – life altering experience you’ll go through. Now it’s not just you waking up in the morning, you’ll have your significant other right next to you. And if you have kids, you may be rushing them off to school, taking them to soccer practice, dance recital, or having to bail them out of...
5 Misconceptions About Prenuptial Agreements
Have you ever heard the saying, “Ignorance is bliss”? That doesn’t hold true when it comes to a prenuptial agreements. You want to know as much as possible. A prenuptial agreement is a contract between a couple. In this contract, they outline what will happen to jointly held assets in the event of a divorce. There are a number of misconceptions circulating about prenuptial agreements or...