Fast Facts about Prenuptial Agreements and Interdependent Partner Agreements
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#1: Everyone who has property of value prior to entering into a marriage-like relationship should consider entering into a prenuptial agreement.
#2: An Interdependent Partner Agreement shows your financial commitment to each other.
#3: A prenuptial agreement has to be completed prior to entering into a marriage. If you enter into a prenup after marriage, the distribution of assets will be different.
#4: Even if you are only entering into a cohabitation agreement, there is value in having a prenuptial agreement.
#5: Protect your interests by ensuring you get legal help before signing a prenuptial agreement.
#6: Prenuptial agreements should be drafted by a skilled Family Law lawyer to avoid being at risk of losing assets you are trying to protect.
#7: A pre-nup is like an insurance policy; it ensures your assets remain yours when traumatic events happen.
You have questions about Alberta law. We have answers.
Q: When is the right time to file for Separation?
A: Decisions on when to file for Separation involve multiple legal considerations and, as such, should be done with the help of an experienced Family Law lawyer. For example, if you are sure that you are going to get divorced and still file for Separation, your actions could be viewed as duplicitous (read as doubly expensive). Alternatively, if you are unsure about whether to file for divorce and file for Separation, the Courts will consider your separation effective from that date, a decision that may or may not be favorable for you.
