Pre-Nups - Frequently Asked Questions!

Written By Abby Pang

Pre-Nups – FAQ

1)      What’s the difference between a Pre-Nup and a Marriage Agreement?

a.       They are the same, however, Marriage Agreements are more commonly known as pre-nups, or pre-nuptial agreements.

2)      Why are they important?

a.       They help spouses have important discussions before getting married.

b.       They help manage expectations during a marriage.

c.       They save money on litigation costs upon separation or divorce.

3)      What documentation do I need?

a.       Parties to a pre-nup, pre-nuptial agreement or marriage agreement should exchange all financial information in order for the agreement to be valid and enforceable after a divorce.

4)      Why are pre-nups so expensive?

a.       You are paying the lawyer an hourly rate to review financial information, draft or review the agreement, provide you with an opinion as to entitlement, legality, validity and enforceability, negotiating and finalizing the agreement.

b.       The cost of your pre-nup, pre-nuptial agreement or marriage agreement depends on how big your portfolio is, and the amount of time it takes the parties to negotiate the terms.  

Want to learn more? Please contact us for a consultation.

The material provided in this blog is for general information and education purposes only and does not contain, and should not be construed as containing, legal advice applicable to a particular set of facts. If you require legal advice, please contact us for a consultation with one of our experienced family law lawyers.

Abby Pang

Abby is a lawyer and loving mother of two children. She is an advocate for healthy families and children. She has turned her energy towards supporting families, by providing guidance and helping families navigate through the legal system, while empowering them to have a voice throughout the process.

Abby Pang’s journey began in Prince Albert, Saskatchewan. Subsequently, her family moved to the east side of Vancouver, before moving to Richmond, where she spent most of her childhood. Her father was a refugee who came to Canada in 1970, and from him she learned the meaning of grit.

In her youth, Abby experienced a breakdown in her family unit which resulted in divorce. She understands that marital breakdowns and divorces can be complicated, but also devastating. She also understands there are alternative options and ways to mitigate the damaging effects of the process.

Abby earned a bachelor’s degree from the University of British Columbia, studying psychology and family studies. She earned a law degree from Manchester Metropolitan University, exchange program through the Hong Kong University. In 2008, she returned to British Columbia to work in a large law office while completing her National Certificate of Accreditation. She then completed her articles in a boutique law firm in Vancouver. She was called to the British Columbia bar in 2012.

Abby has appeared in Provincial Court, Supreme Court and Court of Appeal. She deals with personal injury claims, sexual assault (civil) claims, and family law matters: In addition to her court experience, Abby takes a “family first” approach and is resolution-focused. She is registered through the International Academy of Collaborative Professionals.

As a lawyer, Abby Pang’s community involvement included volunteer work with the Federation of Asian Canadian Lawyers and the Canadian Bar Association Women Lawyers’ Forum. As well, she had the opportunity to assist at Rise Women’s Legal Center and Battered Women’s Support Services through volunteering with Amici Curiae Friends of Court.

Abby is the recipient of A Woman of Worth Leader of the Year Award 2023 for her outstanding achievements in strengthening her community/organization through innovative approaches to resolving challenges and inspiring meaningful change. She has been recognized nationally as a nominee of the YWCA Women of Distinction Awards 2023, which honours extraordinary women leaders and businesses.

In her personal time, Abby enjoys snowboarding, bike riding, and spending time with her family.

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