There are often negative connotations associated with marriage contracts. Many people have the preconceived notion that parties who enter into a marriage contract will ultimately end up divorced. Marriage contracts are often associated with mistrust, greed, and lack of commitment. In reality, they are important tools that provide couples with …
Untangling Finances: Managing Debt After a Common-Law Relationship Ends
When common-law couples separate, they may be surprised to discover there is no legislative formula for dividing or distributing their debt. Creditors are not obliged to release debtors after separation, so it is not uncommon for one spouse, perhaps the one with better credit, to bear the burden of the …