A prenuptial agreement protects personal assets, debts, and establishes financial terms before marriage

A properly drafted prenuptial agreement (prenup) provides essential financial protection for both parties entering marriage. This legal document clearly outlines how assets and liabilities will be handled during marriage and in case of divorce.

A prenup typically protects:

  • Pre-existing assets including property, investments, and family inheritances
  • Business interests and intellectual property rights
  • Personal debt obligations to prevent shared liability
  • Future income including salary increases and retirement benefits
  • Spousal support terms including conditions and limitations
  • Family heirlooms and items of sentimental value

It’s important to note that prenups in Canada cannot include provisions about child custody or support, as these must be determined based on the child’s best interests at the time of separation.