Wealth Protection Agreements
Prenuptual Marriage Agreement
Having a written agreement from the outset of your relationship creates a mutual expectation in the event the relationship ends.
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These agreements can be used identify and protect assets that are being brought into the relationship. Likewise, as they are built on a foundation of full financial disclosure, it gives notice to both parties debts
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There is stigma that making a marriage agreement is a sign of mistrust in the relationship. This may have been the case many years ago, if ever. Today, an agreement is about having a conversation about financial disclosure, financial expectations, and setting a healthy tone early on in the relationship.
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Today, having an agreement in place is the responsible thing to do for your relationship and your children.
Cohabitation Agreement
Much like a marriage agreement, a cohabitation is one entered into by two opposite, or same-sex partners, who live together but are not married.
Couples who have lived together in a marriage-like relationship for a period of two years or longer are considered in BC to be "common-law" couples. Common-law couples are subject to the same laws as married couples.
Separation Agreement
A separation agreement is made between married or common-law partners after a breakdown of the relationship.
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Such an agreement can be used to minimize the amount of litigation that takes place after separation. Ex-couples can decide agree on matters such as support, division of property and debts, and parental responsibilities.
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Having a legal professional assist you with a separation agreement is important to ensure that both parties are at an even bargaining position and no party attempts to coerce the other.