Marriage Contracts & Agreements
The definition of what constitutes a “family” has taken on a deep meaning in today’s culture. Traditional families often place a high value on securing a license and holding a ceremony for friends and loved ones. But committed family relationships are more diverse than ever before. The one important constant in any family is that it is grounded in Canadian law.
At George, Murray, Shipley, Bell, LLP, our Sarnia family lawyers understand that couples have unique lifestyles and legal needs. That’s why we deliver professional marriage contracts and agreements that serve your individual needs and protect your rights.
Importance of Marriage Contracts and Agreements
Many people in love enter a committed relationship with the hope and intention of spending the rest of their lives together. But the divorce rate in Canada hovers above 35 percent, and people who cohabitate are also prone to split up. We certainly hope your relationship endures. But the reality that many do not is a sufficient reason to enter into some form of a marriage contract or agreement to protect your rights and interests.
Having an attorney draft a legal marriage contract allows you to define specific rights and obligations. This contract can provide detail about the division of assets, spousal support, child placement and parenting time, among many other issues. A couple can enter into a marriage contract at any point and can make revisions as their lives evolve. Marriage contracts save a great deal of money and stress in the event of a breakdown.
Like marriage contracts, a prenuptial agreement defines rights and obligations. One of the key differences is that a prenup generally deals with the division of premarital assets. They also may articulate an exit strategy terms in cases of divorce.
It’s crucial for couples to understand that cohabitation can trigger rights and obligations similar to a legal marriage. These may include spousal support and the division of assets. Considering the legal fallout of a breakup, it makes sense to have a cohabitation agreement in place.
Contact Our Experienced Sarnia Family Lawyers
Today’s family units are more diverse than ever. But regardless of how you choose to live your life with a significant other, it’s essential to consider the legal ramifications of parting ways. At George, Murray, Shipley, Bell, LLP, we draft family law contracts that protect your rights and interests. Contact our Sarnia family law office and schedule a consultation today.