Postnuptial Agreements Edmonton
Postnuptial Agreement Lawyers Edmonton
At Helm Family Law LLP, our family lawyers have experience negotiating, advising on, and drafting postnuptial agreements.
Some people choose to sign a prenuptial agreement before getting married. For those who did not sign a prenuptial agreement, they can instead sign a postnuptial agreement which will have the same effect.
Looking for a postnuptial agreement? Schedule a consultation today to understand your rights, explore your options, and protect your interests.
What is a Postnuptial Agreement?
A postnuptial agreement is a legally enforceable contract between two people defining their rights and obligations, including in relation to spousal support and property division. By definition, a “postnuptial” agreement is entered by two parties after they have already been married.
In many cases the parties intended to sign a prenuptial agreement, but did not have enough time, so opted for a postnuptial agreement instead.
As a postnuptial agreement defines parties rights and obligations, including upon separation, in many cases it eliminates the need for a separation agreement should the parties separate.
For those who are not married and do not intend to get married, but are already in an adult interdependent partnership, a cohabitation agreement can be entered instead of a postnuptial agreement.
What is Included in a Postnuptial Agreement?
A postnuptial agreement is a contract and accordingly the parties have flexibility as to what is included within it. Postnuptial agreements commonly include terms related to:
- Property Division: Postnuptial agreements typically define who will retain each asset and liability during the marriage and after the separation should the parties separate.
- Spousal Support: Some postnuptial agreements may include waivers of spousal support others clearly define the amount of spousal support payable should the parties separate.
- Possession of Homes: If one or both parties own a house, postnuptial agreements may define who gets to keep the home in the case of separation.
- Terms Related to Estates: Postnuptial agreements frequently involve waivers of an interest in the estate of the other except as set out in the parties respective wills.
How Much Does a Postnuptial Agreement Cost?
A postnuptial agreement will typically cost between $2,000 to $3,000 in legal fees. In circumstances involving complex agreements legal fees may be higher.
Schedule a consultation with one of our family lawyers to get an estimate as to the cost of your postnuptial agreement.
Is Independent Legal Advice Required for a Postnuptial Agreement?
To make a postnuptial agreement legally binding independent legal advice is required.
Independent legal advice also allows the parties to understand the terms of the postnuptial agreement and the rights and obligations created by the agreement. As a postnuptial agreement can have significant long term implications on the parties futures, independent legal advice is critical.
Need a Postnuptial Agreement? Call us at 780-760-1388 today to schedule your no-obligation consultation with one of our family lawyers.
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Our Family Lawyers
The lawyers at Helm Family Law LLP have over 25 years of combined experience in providing professional, personalized, legal services. Read more about our family lawyers at the “Our Team” page.
Our lawyers represent those needing postnuptial agreement in Edmonton, Red Deer, St. Albert, Sherwood Park, Spruce Grove, Stony Plain, Leduc, St. Paul, Wetaskiwin, Barrhead, Grande Prairie, Peace River, and all of Northern Alberta.
Office Location
Address:
9452 51 Avenue, Building 3, Suite 202, Edmonton, AB T6E 5A6
Contact Information:
Phone: (780) 760-1388
Facsimile: (780) 760-1389