“Never marry someone you wouldn’t want to be divorced from.” – Nora Ephron Charting your matrimonial journey should be as rational as it is aspirational. A thoughtful approach will reduce your personal and financial anxiety, and ironically, removing those stressors may also improve your marriage’s chance of success. The exercise …
What is a Cohabitation Agreement?
A Cohabitation Agreement (also known as a Prenuptial Agreement) is a contract executed by unmarried couples, setting out each party’s respective rights and obligations in the event of a relationship (or marriage) breakdown. Most often, Cohabitation / Prenuptial Agreements will address the issues of property and spousal support. Parties are …
Do You Need A Prenuptial Agreement in Alberta?
Prenuptial agreements (often referred to as cohabitation agreements) are valid in Alberta and in many cases are a good idea to protect yourself in case of a future separation from your partner. Many Albertans are uncomfortable asking their partner to sign a prenuptial agreement as they are worried it will …
An introduction to Alberta prenuptial agreements
A prenuptial agreement is a contract between two people who are planning to be married. In Alberta, the prenuptial agreement can contain contractual terms that determine how property and debt will be divided at any time during marriage, but usually in case of future divorce or separation. Illegal terms included …
Could a prenuptial agreement be right for you?
In many of our posts we have written about how to address issues that arise in conjunction with a divorce. While these issues, and how they will be resolved, vary from couple to couple, they are often time consuming and emotionally difficult to get through. This does not need to …
Benefits of creating a prenuptial agreement
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in Family Law on Sunday, March 8, 2015. Prenuptial agreements (often called marriage contracts) are increasingly popular in Alberta and throughout Canada. In general, people used to think that the decision to create a prenuptial agreement indicated that the …
Accounting for complex assets in a divorce settlement
On behalf of Gary Kirk of Kirk Montoute Dawson LLP posted in High Asset Divorce on Monday, January 19, 2015. The accurate valuation of matrimonial property can pose an array of challenges, perhaps especially if the spouses have acquired significant assets over time. These could include business assets, registered retirement …
Are Pre-Nuptial Agreements Enforceable?
We’ve recently been asked whether Pre-Nuptial Agreements are enforceable, or if they automatically “expire” after a certain period of time. The short answer is that Pre-Nuptial Agreements are a valuable tool by which assets can be preserved in the event of divorce and do not expire unless terminated by written …