A separation agreement is a written contract that outlines how couples who have decided to go their separate ways will deal with their issues. Even if you and your partner agree on how you will move forward with your separation, it is still important for you to have a separation agreement in place. A separation agreement can be used by married couples and those in common-law relationships. Married couples cannot get a divorce by creating a separation agreement.» Read more about: How to Create a Separation Agreement » Read more 4 mins read
If you are separated or separating from your spouse, you may be wondering what your next steps should be. Here are some things you can do to make this transition a little easier:1. Take a breath
Many people make decisions they later regret during or after separation because they fail to seek sound advice or take time to consider their options carefully. Instead of acting impulsively, take some time to plan and give serious thought to the decisions you must make.» Read more about: Steps to Take After Separating From Your Spouse » Read more 5 mins read
When to consider the Standstill Agreement. With many individuals getting married later in life, after having established their careers and accumulated some wealth on their own, it is not uncommon for couples to want to enter into a Marriage Contract.
Marriage Contracts can outline how you want to deal with property and support issues in the event of a breakdown of your marriage by, for example, providing that there will be no spousal support payable or by excluding certain assets from division of property.» Read more about: When You Run Out Of Time, Consider a Standstill Agreement » Read more 3 mins read
A prenuptial agreement is a contract in which two people who intend to get married outline the rules that will govern their marriage. This agreement also dictates what will happen if the union fails. In Canada, prenuptial agreements are also referred to as marriage contracts. Are thinking about drafting a prenuptial agreement or have you been asked to sign one your future spouse? If yes, here are some things you should know:Prenuptial agreements are not just for the rich and famous
Prenuptial agreements are very popular among those with substantial wealth.» Read more about: What You Need to Know About Prenuptial Agreement » Read more 6 mins read
Rights arising under a common law relationship differ significantly from those afforded to married spouses.
In a common law relationship, one becomes a spouse after three years of continuous cohabitation or upon becoming the natural or adopted parents of a child, in a relationship of some permanence. For married couples, one automatically becomes a spouse after marriage, regardless of the duration of the relationship. A married spouse could be entitled to spousal support after one year of marriage;» Read more about: Common Misconceptions: Principle Differences Between Common-law Relationships and Marriage » Read more 3 mins read
If you are preparing to marry or to move in with your partner, it may be wise for you to draft a prenuptial agreement or cohabitation contract. While you may not want to consider the possibility that you will divorce, it does occur sometimes and an agreement can help you protect your interests and assets.Read more 3 mins read