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Posts from the ‘Marriage Contracts’ Category

Why enter into a marriage contract?

A marriage contract is a prudent and valuable planning tool for protecting certain property in the event of separation or divorce. Some reasons to enter into one include the following:

  • To divide property brought into the marriage and property earned throughout the marriage in a manner which differs from that of the statutory regime of equal division;
  • To protect one party’s substantial wealth or asset from division with the other party on separation or divorce, or to avoid the complicated exercise of accounting for the increase in the value of existing property,... MORE »

What is a marriage contract?

A marriage contract is a legal agreement between two married persons, or two persons who intend to be married. A marriage contract affords some degree of flexibility in deciding property division and support if (or when, in the case of death) the marriage ends. In Ontario, spouses who do not have a marriage contract will be subject to the default regime of “equal division of property” imposed by the Family Law Act on most family property.

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