Family Lawyers Edmonton | Should People Sign a Prenuptial Agreement?

Prenuptial agreements are contracts that can be drafted up to give people direction on how they are going to end their marriage says family lawyers Edmonton. And while it might seem odd to talk about how to end a marriage while two people are building their life together. Since 40% of all marriages end in divorce in Canada, there is going to be a lot of people who never expected to have to divorce each other that are going to be doing it. Therefore, people who create a prenuptial agreement will be figuring out the best way to end the relationship, while they still love each other.

Family lawyers Edmonton says that this means that they can create all of the terms of their divorce, before anything turns ugly. While many people believe that a prenuptial agreement is solely for people who want to detail the split of their assets. There is a lot more things that can be included in the document. Ultimately, anything that people want to specify in their divorce terms can be included in a prenuptial agreement. This means not only a division of wealth and assets that they brought into the relationship, but wealth and assets that they accumulated together while in the relationship.

Something else that can be outlined in a prenuptial agreement would be if there are children, who gets custody and who pays child support. By creating these specifications while people are very much in love can help ensure that it is fair and equitable for everybody. In addition to that, alimony provisions can be discussed, and they can get very specific, outlining certain clauses that might get triggered if specific behaviour happened during the relationship. Therefore, people can be very specific about the various terms of the ending of their marriage.

Ultimately, not only does this ensure that people have their assets protected. Family lawyers Edmonton says more importantly, it gives people a roadmap that they can use on how to end the marriage, and have everybody go their own separate ways. If people can come to this agreement while they are very much in love, it can minimize the amount of fighting that happens after the marriage ends. This fighting he usually involves lawyers, and while it can be expensive, is also likely to be very time-consuming, and can end in even more hurt feelings.

If people are avoiding creating a prenuptial agreement because they believe they do not have enough assets are wealth to make it worthwhile, family lawyers Edmonton suggests that people reconsider that thought. By creating a document that will help ensure that they can end the marriage calmly, and amicably can help ensure that if the unthinkable happens, they know how to go their own separate ways, without an emotional battle in court that can end up with nobody getting what they want in the long run. With how important this is, all people should consider getting a prenuptial agreement, so that they can protect themselves and their loved ones.

Family Lawyers Edmonton | Should People Sign a Prenuptial Agreement?

Prenuptial agreements are contracts that can be used to help define the terms of a divorce should a marriage and says family lawyers Edmonton. With how important this is, people should be in agreement with the importance of prenuptial’s before they start talking about marriage. Ensuring that both people are on the same page is important, so that they can both be in agreement of the reason behind creating a prenuptial agreement, and what the ultimate goal will be. If they are not on the same page, it may affect the desire to get married, to ensure that people can stay in control of what is most important to them.

Ultimately, one of the most important reasons why people need to be in agreement to the importance of prenuptial agreements ahead of time is for this reason says family lawyers Edmonton: when people sign an agreement that they do not agree with, that agreement is not legally binding. In fact, in order for a prenuptial agreement to be legally binding, more steps need to be taken than the typical contract. It is legally necessary for both parties to get separate legal counsel, and ensure that they have talked to their lawyer in depth about what they prenuptial agreement is saying, and that it is in their client’s best interest. Once a lawyer has determined that a person understands the prenuptial agreement as well as the intent, they have to be able to legally certify that the person was not under pressure to sign the agreement. Both parties will then sign a certificate of acknowledgement in order to ensure that the contract will hold up in a court of law in case someone challenges it.

Even though both parties must be in agreement with the document before signing it, in case of a marital breakdown, one person may decide to challenge the agreement. If this happens, and all of the protocols were not followed, that could affect the ability to uphold the intent of the agreement. Therefore, family lawyers Edmonton says people need to be very aware of the legislation in their area, so that they can ensure that there prenuptial agreement meets the legal requirements.

People should also take into consideration that it is possible to revise a prenuptial agreement. Family lawyers Edmonton says that this means that even people that do not have assets or wealth when they get married can add those provisions to the prenuptial agreement as they acquire them. They may choose to revise it at regular intervals, or only when specific circumstances trigger a review. However, while they can always add to a prenuptial agreement, they cannot create one once they have already been married. Therefore it is important that they have a prenuptial agreement, that they can revise when necessary.

The importance of a prenuptial agreement can ensure that people are being protected both in marriage, and in case the marriage does not last. Anyone who is entering into any sort of legal union, should it want to ensure their own protection as well as the protection of the ones that they love.