FAQs Marriage Contracts

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, excluding it from equalization; or
  • To establish, reduce or otherwise limit the duration of spousal support, provided the agreement does not do away with payment of any spousal support in the first place.

 

 

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About the author

Russell Alexander

Russell Alexander is the founder of Russell Alexander Collaborative Family Lawyers and is the firm’s senior partner. At Russell Alexander, our focus is exclusively family law, offering pre-separation legal advice and assisting clients with family related issues, including: custody and access, separation agreements, child and spousal support, division of family property, paternity disputes, and enforcement of court orders. We have locations in Toronto, Markham, Whitby (Brooklin), Lindsay, and Peterborough.

For more information, visit our website, or you can call us at: 905-655-6335.