Torontofamilylawyer’sguidetoPrenuptial AgreementsinOntarioislifesaver.
ArenownedTorontofamilyandimmigration lawfirm,IvanSteeleLaw,haspublishedanew how-toguidededicatedtohelpingCanadians fromallwalksoflifeprotecttheirassetsand talkopenlyaboutfinancesinthecontextof prenuptialagreementsAprenupcanprotect bothpartiesshoulda
It'sreallyasimpleconceptit'sjustabusinesscontract betweentwopeopleina marriageorcivilunion.
Onecancoveravarietyofissuesinsidethe prenup,includingpersonalassets, instructionsfordivisionofproperty,retirement fundsthatweresavedbeforemarriage, educationfundsthatweresavedpriorto marriage,Spousalsupport,inheritance, financesforeachparty,andmuchmore.
WhatCannotBeIncludedina Prenup?Thereareseveralthings onecannotincludeinaprenup:child supportandcustody,custodyor visitationagreements,unfairterms, illegalterms,andnon-financial requirements.
In2022,inthewakeofaglobal pandemic,economicinstability andthesubsequentrelationship challenges,consideringa prenupisimperative.
Interestedpartiesareinvited toreviewthehow-toguidein fullontheirwebsite: https://www.
Ifeitherspousehasa significantamountofwealth aprenupisasolidwayto protectassetsinadvance.
Ifeitherspouseownsasmall business,aprenupcanprotect businessinterestsIncasesof veryshortengagementaprenup canprovidetimetoevaluatea relationship.
Aprenupprotectsboth partiesshouldtheother spouseendupnotbeing thepersononeexpected.
Notethatapersoncouldalso getwhatisknownasapostnup -whichwouldbeessentiallythe samethingasaprenup,except it'sputintoeffectaftera marriage.
