A prenuptial agreement legally protects assets and defines financial obligations before marriage

A prenuptial agreement (also called a marriage contract in Canada) is a legally binding document that establishes how financial matters will be handled if a marriage ends through divorce or death. This contract helps couples clearly outline their financial rights and responsibilities.

A properly drafted prenuptial agreement typically covers:

• Asset division – How property and financial assets acquired before and during marriage will be distributed
• Debt responsibilities – Who will be responsible for debts incurred before and during marriage
• Spousal support – Whether alimony will be paid and how much
• Business interests – Protection of business assets and future income
• Inheritance rights – How inherited property and family heirlooms will be handled

While not romantic, a prenuptial agreement can help prevent costly disputes and provide peace of mind for both parties entering marriage.