What Is A Marriage Contract?

A marriage contract is an agreement entered into by a couple usually prior to marriage but also sometimes after parties marry. This agreement can set out the division of property, and spousal support in the event of a breakdown in the relationship. If a prenup agreement is not in place at the time that a couple separates, then they will be bound by the provisions as set out in the Family Law Act and the Divorce Act.

What Can A Prenup Agreement Include?

A marriage contract allows the marrying couple to set out specific provisions to deal with their assets and liabilities from the marriage, including those they came into the marriage with and what they acquire during the marriage. Both parties are required to provide full financial disclosure at the time that the marriage contract is signed because otherwise a court may set it aside on the basis of a failure to make full financial disclosure. A marriage contract allows the couple to specify how property, including the matrimonial home, will be allocated or divided in the event of a separation. A marriage contract can also modify or eliminate the wealth sharing provisions of the Family Law Act.

Why Sign A Prenup Agreement?

So why would some people choose to sign a prenuptial agreement? This type of agreement aims to set out in advance each person’s financial obligations to the other and to avoid future litigation over these obligations. For example, parties entering into a second marriage may want to set out their rights to each other, or if there are children from a previous relationship, you may wish to sign a marriage contract. Other examples include where one of the parties comes into the marriage with a property that will become their matrimonial home and wants to ensure they get credit for its value on the date of marriage or protect themselves from having to share this asset at all with their spouse. These, among others, are all examples of where you may wish to consider a marriage contract. It is always recommended that before you get married, you speak to a lawyer and get legal advice on whether or not it is in your best interest to sign a prenup agreement.

Child Support Calculator - Family & Divorce Lawyers Toronto

Explanation On The Child Support Calculator
How to calculate child support?

Explanation On The Child Support Calculator

In family law, we see our clients spending a lot of time worrying about paying child support or receiving it. Hummingbird Lawyers LLP has eliminated the guesswork by providing you with a child support calculator based on the government’s child support table! While child support is not a “one size fits all” computation, this user-friendly calculator is valuable, as it allows you to calculate the table amount of child support you may be required to pay or entitled to receive in Ontario if the dependent children are in the primary care of a parent. Child support is based on the income of the parent who is required to pay support. This calculation does not apply when the children are in a shared parenting arrangement (i.e. minimum of 40% with each parent) or cases, where some of the children are in the primary care of one parent and one or more children are in the primary care of the other parent. We still recommend that you seek legal advice based on your specific situation and to determine your special or extraordinary expenses (often referred to as Section 7 expenses), which are not included in the child support table.

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How to calculate child support?

All you have to do is plug in your gross annual income and number of dependent children and let our calculator do the rest. It will provide you with an idea of your monthly amounts, but for exact figures, it’s always best to speak with an experienced family lawyer. Our family lawyers is made up of skilled and helpful family lawyers to assist you with all your family law needs. Note that the child support calculator is a look-up tool for general information only. It is not a legal document. If you’re looking for skilled and experienced lawyers in Vaughan or lawyers in Toronto, Hummingbird Lawyers LLP has offices at each location for your convenience. Choose the location more convenient to you, and let us assist you with your legal matters.

Child Support Calculator

Explanation On The Child Support Calculator

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How to calculate child support?

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