Marriage Contract In Canada
A marriage contract is a legal document that is written either by a married couple or by those who are engaged. With some exclusions the marriage contract basically lays out how the couple will divide assets in the event of a separation or a divorce. If you and your significant other are debating writing a marriage contract there are a number of things you will need to be aware of including the legal requirements of any marriage contract and what type of things you cannot include in a contract.
The easiest way to ensure that your marriage contract is legal and enforceable is to have an attorney draft the document on your behalf. When you are having the marriage contract prepared both parties will need to list all of their current assets and liabilities as part of the contract. The only other legal requirements that are needed for a marriage contract is that it be signed willingly by both parties involved and witnessed by at least one person.
There are some things that are marriage contract is legally unable to define. Most of the rules have to do with the matrimonial home, and anything to do with current or future children that the two of you may have. If you are considering drafting a marriage contract it is highly recommended that you seek the counsel of a family lawyer as they will help you ensure that this crucial legal document is filled out correctly. You can find a local family lawyer in on legal database located here.
