Financial Agreements: Why and When
A financial agreement isn't a lack of trust, it's maturity. Here's everything you need to know about preparing one.
A financial agreement is an important legal tool that defines in advance how property will be divided in case of separation. It's not a sign of distrust. It's a sign of maturity and responsibility.
A financial agreement can be drafted before marriage, during marriage, or even after. The agreement allows you to determine in advance what belongs to whom, thus preventing painful and expensive battles in the future.
A financial agreement must be approved by the Family Court to be valid. The court verifies that the agreement was signed voluntarily and that both parties understood its implications.
It's important that each party is represented by an independent attorney to ensure the agreement is fair and protects both sides equally.