EXPERIENCED LAWYER FOR PRENUPTIAL AGREEMENT IN NW CALGARY
If you are looking for an experienced family lawyer to help draft a prenuptial agreement in NW Calgary, Dukeshire Law Office can help you make big decisions about the distribution of your assets. It is better to make those decisions now when the relationship is healthy than when you are caught in the thick of conflict or constant fight. Contact us for assistance or questions related to signing a prenuptial agreement in Alberta.
Wanting to have a prenuptial agreement isn’t a sign of trouble in a relationship. Instead, it shows responsibility towards your partner in managing assets and debts if the relationship between you goes south. If you are entering a marriage with significant financial assets, a prenuptial agreement in NW Calgary can determine the division of assets in the event of divorce or separation.
WHAT IS A PRENUPTIAL AGREEMENT?
It is a contract between two people who are planning to get married. A prenuptial agreement is signed before marriage, but it becomes enforceable only after the wedding. Broadly speaking, it contains contractual terms that determine how property and debt will be divided in the case of divorce or separation if it ever happens in the future. In the event of divorce or separation, it overrides the Alberta Family Property Act in how the property will be distributed.
WHY SIGN A PRENUPTIAL AGREEMENT?
In Alberta, a prenuptial agreement isn’t mandatory, but having one in place can give you peace of mind. You and your partner may want to consider a prenup if you want to:
Protect the assets that you have bought or accumulated before the marriage.
Decide how the property will be divided rather than having a court decide for you two.
Avoid unnecessary delays and expenses in case your marriage ends.
Minimize stress and potential confrontations.
It can help you simplify arrangements in the event of separation or divorce. Without having this agreement, all the property would be divided equally between the parties as per the Alberta Family Property Act. Suppose you want your property to be divided otherwise. In that case, you will need the help of a credible lawyer from the Dukeshire Law Office who can draft a prenuptial agreement in NW Calgary for you.
WHO SHOULD HAVE A PRENUPTIAL AGREEMENT?
Couples who are about to marry should consider having a prenuptial agreement in place. The more assets one owns in the relationship, the more important a prenuptial agreement is for them before any issues arise in the relationship. Individuals entering second marriages with children from their previous relationships should particularly consider a prenuptial agreement. If you have a family business, a prenuptial agreement can ensure the company stays in the family of origin.
At Dukeshire Law Office, we have years of experience helping couples draft a prenuptial agreement. Contact us today to schedule a consultation at our NW Calgary office.
BENEFITS OF A PRENUPTIAL AGREEMENT
Like medical insurance, a prenup is something you should have in place but hope never to use. Here are the few benefits of choosing a prenuptial agreement:
Ensures that each party keeps the assets that they brought in the first place.
Details of assets gained together will be divided.
Eliminate the option of spousal support in the event of separation or divorce.
It is never good to sign any contract in a rush. Having a prenuptial agreement at least 6-9 months before your wedding ensures you have lots of time to think about it. If you are looking for trusted lawyers to draft a prenuptial agreement for you, contact Dukeshire Law Office. We can help you minimize the risk of signing under pressure by giving you consultation regarding different clauses and acts.
WHAT DOES A PRENUPTIAL AGREEMENT COVER?
You and your partner can include any details you both want, but a typical prenuptial agreement addresses the following aspects:
Division of property
Parenting and custody arrangement
You can connect with Dukeshire Law Office to discuss your requirements with us, and accordingly, we will draft a prenup agreement for you.
HOW CAN A LAWYER HELP COUPLES WITH A PRENUPTIAL AGREEMENT?
To ensure a prenuptial agreement is enforceable in Alberta, both parties must have their lawyer, and the contract must be signed in the lawyer’s presence. We will oversee the following aspects of the contract:
Both parties understand the agreement's impact.
Have complete knowledge and understanding of how property will be divided in the event of divorce or separation.
None of the parties is under any undue pressure.