Toronto Downtown Marriage Prenuptial & Cohabitation Lawyer: Legal Counsel Update
The law firm, which specializes in both immigration and family law, now offers consulting services for gay, straight, and bi couples in Ontario and Quebec. The firm also advises on how Canadian prenups impact LGBT immigration status for relevant parties.
More information can be found at https://www.ivansteelelaw.com/family-law/#
Ivan Steele Law has now updated its services for prenup and postnup agreements, cohabitation contract applications, and out-of-court settlements. The practice recognizes that, while marriage contracts are often uncomfortable for the respective parties, life circumstances do change – and neither of the individuals involved ever wants to be surprised by a suddenly adverse financial situation.
Four out of ten Canadian marriages end in divorce, but less than 10% of those are governed by prenuptial agreements. Since the typical Canadian divorce takes three years to finalize and costs almost $20,000 – far longer and more money when there is an acrimonious dispute – the logic of marriage contracts is self-evident.
Additional information can be found at https://www.ivansteelelaw.com/when-heart-and-mind-unite-guide-to-marriage-contracts-in-ontario
The law firm notes that marriage contracts safeguard individuals’ pre-marriage assets in the event of a divorce and also shield the parties from having to split any rise in the value of a property that was owned at the date of marriage. They can also help determine the ownership of a couple’s home and of any property purchased together during the marriage – while resolving in advance any business or debt issues that are either current or that may arise over the years.
Ivan Steele, the practice’s principal, notes that while marriage contracts run counter to most people’s romantic ideals, “Entering into a domestic contract can save you strife and expense of litigation down the road, or at the very least provide a peace of mind.”
Prenuptial agreements are most frequently used in relationships where there is a sizable disparity in wealth and income. Significant debt or wealth both indicate the prudence of a marriage contract. Furthermore, people who have worked hard for years to start a business, invest, and save money are likely to want to safeguard their possessions from unforeseen life catastrophes like divorce.
Ivan Steele Law proposes that these types of contracts should be formalized well before the prospective marriage takes place. The firm’s contract lawyer will draft and help negotiate the terms of any kind of cohabitation arrangement.
One client recently said: “Great dealing with Ivan — very useful upfront consultation, fair price, quickly got everything done. Would recommend.”
Interested parties can learn more at https://www.youtube.com/watch?v=betZu74p3Cw
Ivan Steele Law
176 Yonge Street, 6th Floor
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No News Postbox journalist was involved in the writing and production of this article.