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 hire a lawyer?
A: Going the do-it-yourself route often costs you more than hiring a professional. For example, hiring a professional mechanic could cost you $25 per hour; doing the same repair yourself could cost you $50 per hour. The same rule applies when it comes to your lawyer. The only difference is that the cost delta could be bigger. Much bigger.
