Marriage contract do's and don'ts

Diane McInnis

A marriage contract is useful tool if you have assets or interests you wish to protect before getting married. In fact, couples who discuss financial matters in a clear and honest way with each other prior to marriage have a mature and realistic approach to their relationship. It doesn’t have to be a negative thing. For example, if one partner has interests in family business or has been working with a partner who wants to ensure that the partner’s spouse does not acquire interest in the business, a marriage contract is a practical way to do that. And in the end, you want to know that the time and money spent on the negotiation of the agreement will pay off with a tight and enforceable contract in the event of separation. Cohabitation agreements and marriage contracts, (colloquially known as “prenups”) are one of the most frequently challenged documents in family law.

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