Oshawa Family Lawyers Helping Clients with Marriage Agreements and Cohabitation Agreements
A marriage agreement or cohabitation agreement is something that all couples who are planning on living together or getting married should consider. There are many benefits to agreeing, in advance, to a division of assets in the event of a relationship breakdown, and, despite what many people believe, such agreements are no longer just restricted to the wealthy and/or famous.
It is crucial to have your marriage agreement or cohabitation agreement drafted by a knowledgeable and experienced family lawyer to ensure that the contract will be enforceable and decrease the risk of it being overturned in a potential future dispute. At Borden Family Law, our skilled legal team relies on more than 17 years of family law experience to provide forward-thinking advice to clients seeking guidance on marriage agreements or cohabitation agreements. Working closely with you to understand your personal and financial situation, we can help explain your options, manage your risk, and ensure that you and your assets will be protected going forward.
A marriage agreement is commonly referred to as a “pre-nuptial agreement”, “pre-nup” or “marriage contract”. A marriage agreement sets out the assets each party brings into the marriage, and also lists the assets the other party cannot make claim to in the event of a separation or a divorce. It may also list common property as being exclusive to one party.
Cohabitation agreements are essentially pre-nups for couples in common-law relationships and those who live together but are not married.
Cohabitation agreements are governed by section 53 of the Family Law Act in Ontario. Cohabitation agreements set out the rights and obligations of each party to the other during their relationship and also following the end of the relationship. It addresses important matters such as property and asset division.
It is important to note that a cohabitation agreement can be turned into a marriage contract if the couple ultimately does marry.
Contact Our Experienced Oshawa Lawyers for Advice on Pre-Nups and Cohabitation Agreements
Contact the exceptional Oshawa family lawyers at Borden Family Law if you are considering entering into a cohabitation agreement or marriage contract with your partner. We have more than 17 years of experience advising clients on family law matters and helping them plan proactively for the future. We can help protect you in the event of a breakdown of your relationship. Call us at 905-576-6090 or contact us online for assistance drafting a marriage contract or cohabitation agreement. Ask about our flat fees and bundled services.