Out of the fourteen million married individuals in Canada, few people are aware of prenuptial agreements.
If you’re getting married soon, we suggest you hire lawyers to draft a prenuptial agreement for you. Continue reading this blog to find out more about prenuptial agreements.
What Are Prenuptial Agreements?
A prenuptial agreement, also known as a prenup, is a written contract between a couple before their marriage, which protects their financial assets. Many individuals who don’t opt for a prenup can lose a lot of money during a divorce. If you want to ensure your hard-earned money is protected even after the marriage, a prenup is necessary.
The Importance Of Prenups
A prenuptial document promotes transparency between a husband and a wife before they’re married. It ensures that both individuals are financially protected and makes the divorce settlement less complicated. A prenuptial agreement also allows you to divide your designated assets among your children, which can help you protect their future.
Documents You Need For Prenuptial Agreement
Prenuptial agreements can become a hassle if you draft them on your own. You’ll have to give full financial disclosure and submit all your documents to maximize transparency in a prenuptial agreement. Here’s a list of all the documents you might need:
- Mortgage documents
- Bank statements
- Real estate papers
- Vehicle documents
- List of all personal assets like jewelry, and antique items
- Medical bills
- Credit card statements
- Tax documents
- Debt repayments
- Financial affidavit
- Business documents (if applicable)
Submitting all the documents and creating a prenup from scratch is a challenging task. You should hire family lawyers if you need legal assistance.
Hire Experienced Family Lawyers To Draft Prenuptial Agreements
Looking to draft a prenuptial agreement before your marriage? You’re making the right decision! At Nanda & Associate Lawyers, our team of family lawyers can help you make an extensive prenup that protects your financial assets. Our team can analyze all your assets and make a customized prenup for you.
Apart from prenuptial agreements, we help our clients manage different family law matters, including marriage agreements and divorce. We’ve also got a team of immigration lawyers that assist our clients in migrating to Canada.
Get in touch with the team at Nanda & Associate Lawyers for more details about our family law services.
