Most people do not picture their marriage or cohabitation living arrangement ending. However, it does happen and often results in a very difficult and stressful situation. One effective way to alleviate any concerns about the future is with a marriage contract or cohabitation agreement. Both of these legally binding and enforceable documents can bring peace of mind should your marriage or living arrangement end.
Toronto Marriage Contracts and Agreements Lawyer
Why You Need a Marriage Contract or Cohabitation Agreement
A high percentage of cohabitation relationships and marriages do not last in today’s society. It is much better to be prepared for the future should your relationship or marriage come to an end. With a marriage contract or cohabitation agreement, both people will have a legally enforceable arrangement in place which protects the interests of both parties.
Davies Family Law Firm in Toronto helps couples create, draft, and finalize legally binding and enforceable marriage contracts and cohabitation agreements. To draft an enforceable contract or agreement, both people must be willing to openly share their current financial details, current family situations, future goals and objects, and other such details.
This information is needed to help establish the framework for the contract or agreement. Throughout the creation and drafting processes, our Toronto marriage contracts and agreements lawyer will explain each part of the agreement, the consequences, and impacts it will have on each person in the event the marriage or relationship ends.
Benefits of a Marriage Contract or Cohabitation Agreement
There are several benefits couples can gain including the flexibility to fit the specific needs of each person. Contracts and agreements can be drafted to include a wide range of topics and details including, but not necessarily limited to:
- Child Custody and Access
- Child Support
- Division of Property
- Disposition of Matrimonial/Cohab Home
- Spousal Support
- Parental Preferences (Education, Healthcare, Religion)
- Separation and Divorce Agreement
- Pre-existing Financial Obligations
- Protection of Pre-Marital/Pre-Cohab Assets
- Other Family Law Matters
Why You Need a Marriage Contracts and Cohab Agreements Lawyer
Many couples draft their own marriage contracts and cohab agreements only to find out later they are not legally binding. This occurs because they fail to include specific wording and family law knowledge to create a legally binding and enforceable contract or agreement.
While you are certainly are free to create your own contract or agreement, it still needs to be reviewed and finalized by a qualified Toronto marriage contracts and cohabitation agreements lawyer. Otherwise, you could end up with a worthless document that is not enforceable.
For further information about marriage contracts and cohab agreements, as well as assistance in drafting, creating, and finalizing legally binding and enforceable documents, please feel free to contact Davies Law Firm for a consultation today.