A wide variety of family law considerations need to be taken into account in every estate plan.
Various legal structures can be used to protect assets in the event of separation or divorce. In Ontario, there are major differences in the law for division of property between married spouses and those who are not married.
Legally married couples or couples who plan to marry can enter into a Marriage Contact in which they define their future rights and expectations about how their assets will be divided in the event of separation, divorce, or death. Individuals who live together but who do not marry can complete a Cohabitation Agreement that can also modify or define the legal rules that will apply to their relationship when it ends.
Our Estates Group chair, Michael Prsa, has an extensive background in family law and the completion of Marriage Contracts and Cohabitation Agreements.
Parents may also wish to protect the assets that they leave to their children or other beneficiaries from being divided with the beneficiary’s spouse in the event of a breakdown in the beneficiary’s marital relationship.
Our estate lawyers can help you structure the gift or inheritance to protect the gift or inheritance from claims by the beneficiary’s spouse.