Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.
A marriage contract in Canada is a contract that is signed voluntarily by the involved parties. The contract involves details about the contribution of each spouse to the house expenses, property rights, details of the couple’s finances, and so on. The marriage contract is a document that helps in the fair distribution of assets in case the couple decides to divorce each other. The assets in the marriage contract include furniture, vehicle, house, etc., as a part of the family patrimony.
What Is Included in the Marriage Contract?
A marriage contract is a helpful tool that decides how the property will be divided between the couple in the case of a divorce. A marriage contract includes different clauses including:
- Testamentary Clause: The surviving spouse gets all the property if the other spouse dies before them.
- Gifts: A clause for gifts can be included in the marriage contract, and these gifts can be given after you die or while you’re alive.
The best way to eliminate this problem is by creating a will to make sure that your property is fairly distributed among all members, including the gifts. Signing a marriage contract is not done out of greed. Most of the time, it’s an essential way to keep your assets safe and secure so you don’t run out of money during financial crises. It’s one of the most effective ways to avoid unnecessary arguments in the marriage or during a divorce.
From children to all spouses, get an equal or fair share of the property to avoid the mess after the person dies. It’s necessary to get a qualified lawyer to help you with the whole process.
Hire the Best Lawyer to Get Assistance
One of the best ways to save yourself from the trouble is to get a family lawyer who can help you create a marriage contract. If you’re searching for an experienced lawyer, then there is no one better than the ones in our team. We have a team of qualified lawyers who go through your case and help you to come up with the best possible solution.
You can book an appointment with us or get in touch with one of our experienced lawyers to discuss your case. We’re also the best Canadian immigration lawyers, so contact us now!
