Author: Trista D. Carey

A.:            This type of agreement should assist the parties in resolving many of their legal issues in the event of separation without significant costs or conflict. Continue reading “Q.: What is the benefit of having a cohabitation/prenuptial agreement?”

A.:            The two people involved in the relationship are the ones who decide what they want the agreement to say, usually with some assistance from their lawyers. Continue reading “Q.: Who decides what terms are included in the cohabitation/prenuptial agreement?”

A.:            Primarily, these types of agreements deal with the management, acquisition, and division of assets and liabilities, as well as partner/spousal support obligation in certain circumstances. Continue reading “Q.: What sorts of topics are included in a cohabitation/prenuptial agreement?”

A.:            Many people are under the assumption that Alberta has legislation which states what someone is “entitled to” in the event two people who live together but only one person owns property in the relationship. Continue reading “Q.: Did you know there’s no laws in Alberta to deal with property accumulated in a common-law relationship?”

A.:            Many people attend marriage counselling in an effort to ensure that they have similar thoughts with respect to key issues that may arise during their married life. However, most do not have frank and open discussions about their existing assets and debts, or the accumulation of future assets and debts during their cohabitation or marriage. Continue reading “Q.: Did you know “for better or worse” in your marriage vows includes your finances?”

A.:            The Wills and Succession Act has provisions which dictate who the beneficiaries of your estate will be if you die without a valid will. Continue reading “Q.: Do you know where your assets will go if you do not have a Will?”