Getting married? Don’t forget the prenup
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Hey there, time traveller!
This article was published 18/02/2025 (291 days ago), so information in it may no longer be current.
Are you planning a lifelong union with your significant other? Although optional, a marriage contract — commonly referred to as a prenuptial agreement, or prenup — is an essential tool for setting out the rules of your marriage as agreed upon by both partners.
WHAT’S A MARRIAGE CONTRACT?
A marriage contract is an agreement that outlines how a couple’s assets will be managed during their marriage and in the event of divorce or one spouse’s passing. It ensures that each partner can maintain their individual ownership of certain assets or share them as they see fit.
DOES A MARRIAGE CONTRACT HAVE ADVANTAGES?
Absolutely! Without a marriage contract, a separation would be governed by your region’s default union laws, potentially leading to significant financial implications. Plus, you can’t overlook the emotional toll of a divorce. A marriage contract clearly defines how assets will be divided to help you avoid conflict.
Are you about to start a new chapter with your partner? If you’re considering drawing up this kind of agreement, contact a notary today.
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