Document background
A Prenuptial Postnuptial Agreement is a crucial legal document in Canadian family law that can be executed either before marriage (prenuptial) or after marriage (postnuptial). This agreement is designed to provide clarity and certainty regarding financial matters and property rights between spouses, particularly important in cases involving substantial assets, business interests, or complex financial situations. The document must comply with both federal legislation (primarily the Divorce Act) and provincial family law requirements, which vary by jurisdiction. It requires comprehensive financial disclosure from both parties and independent legal advice to be enforceable. The agreement typically includes detailed provisions for property division, support obligations, debt allocation, and can address specific concerns such as business interests, inherited property, and family trusts. It serves as a protective measure for both parties by establishing clear terms for financial matters in advance of any potential marriage breakdown.
