In a world of increasing financial complexity, a marriage contract (sometimes known as a prenuptial agreement) can be a peace-of-mind measure of clarity. These legal contracts can be established by either a married couple, or a couple intending to marry, and they lay out in detail the respective rights and obligations of each person upon separation or the death of one spouse.
Ontario has specific rules in place that designate how wealth accumulated during the marriage will be shared, as well as how support payments will be determined. However, each marriage contract can be customized to the couple, and the couple can decide to whatever terms are fair and logical for their situation.
Catherine A. Haber is a family lawyer in Burlington with more than 35 years of experience helping couples arrange the terms of marriage contracts. If you need to arrange this type of domestic contract with your partner, please contact our office today.