Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.
A prenuptial agreement is prepared before two people get married, and it includes information about property owned by each person and their rights for it after marriage. Prenuptial agreements are often considered for the rich people when that is not the case.
Nowadays, couples create a prenuptial agreement for different purposes. Here are the most common reasons behind preparing a prenuptial agreement.
To Pass Property to Children from First Marriage
People who marry for the second time and have kids from the first marriage often opt for a prenuptial agreement to pass their property to their first children as well. If not done properly, the living spouse can claim a hefty portion of the property, leaving almost nothing for the children.
To Avoid Unnecessary Arguments during Divorce
Bad times are not avoidable, and you might one day be on the verge of breaking your marriage. Divorce normally gets extremely ugly when financial assets are involved with no proper description of the financial rights.
A prenuptial agreement can save you from all the unnecessary drama at the time of divorce and will save you from heavy scrutiny. You can mention in the agreement about property division and if the other spouse will get any alimony or not.
To Clarify the Financial Rights of Couple
Couples with or without children need to clear their financial rights to avoid any trouble in the future. The agreement should clearly mention their rights and responsibilities to save them from a big loss.
To Protect Themselves from Debts
Prenuptial agreements are a great way to protect spouses from each other’s debts that might cause big fights in the future.
If you want to create a prenuptial agreement, then you need a professional lawyer to help you with the case. We’re a team of experienced lawyers with the right knowledge and skills to help you with the case. Our team carefully assesses your case and provides the best solution that can benefit you.
We can offer you more than one solution to resolve your case in no time. You can get in touch with one of our expert lawyers to discuss your case or simply book an appointment with our professional team members. We are one of the finest Canadian immigration lawyers as well, so don’t think twice before contacting us.
