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Make sure your marital agreement is legal and binding

Marital contracts are important for people who are getting married in Ontario. Many people think that these contracts are only for people who are rich or famous. This isn't the case. A marriage contract is important for anyone who is getting married because you can't see what is going to happen in the future.

We know that going into your marriage with the thought that it might not work out might seem a bit counterproductive. That is very far from the truth. A marriage contract gives you the chance to start your marital finances off on the right foot. Instead of worrying about what is going to happen if your marriage ends, you have the security of knowing what is going to happen financially.

There are several points to consider if you are thinking about a marital contract. The first is that it must be executed properly to ensure that it is valid if the day comes when it is needed. This means that you and your future spouse both sign a written agreement. That agreement must be properly witnessed.

It is very important that the marital contract is based on complete honesty. A full financial disclosure must be made by you and your future spouse before the agreement is signed. This means that you must let your future spouse know everything possible about your finances so that they can't come back later and say that you didn't tell them everything.

Marital contracts are binding agreements, so you must make sure that you carefully consider the points that you include in them. We can discuss what points you should consider so that you can make sure your marital contract protects your financial interests if your marriage ends.

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Creighton Law LLP

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