More people are getting married later in life. That means when they do eventually tie the knot, they may already have a nice, little nest egg of their own. So, to safeguard their assets, some Ontario couples choose to have marriage agreements in place, and in the 21st century, this in not uncommon.
Prenuptial or postnuptial agreements aren't just for the wealthy, either. They have become a mainstream part of marriage in terms of the middle class as well. They also apply to same-sex couples who are married and who have the same rights under the law in Ontario and the rest of the country. Having a marital agreement does not mean a couple believes that their marriage will ultimately end, but as the old adage says, it's better to be safe than sorry.
These contracts actually mean a couple has taken the time for open, honest discussion and that they have likely worked through those issues that may have the potential to cause problems down the line. Marital contracts can also protect any children that are born of the relationship. This is especially true regarding second or more marriages.
Essentially, marriage agreements are hoping for the best in a relationship, while planning for the unforeseen. An Ontario lawyer can help a client to fashion a contract that suits his or her personal situation. A premarital or postmarital contract can be as individual as the couple itself, and a lawyer will ensure that these contracts meet the letter of the law should there be a need to enact them.