20 | Love & Money: The Agreements Nobody Wants to Talk About—Until It's Too Late with Carey Leishman

What happens to your assets when a relationship ends? Does it matter whose name is on title? And are common-law couples really treated differently than married couples in Alberta?In this episode, we sit down with family lawyer and mediator Carey Leishman to discuss one of the most overlooked aspects of financial planning: protecting your assets before life-changing events occur.Carey breaks down Alberta's Family Property Act and the significant changes that came into effect in 2020, extending property division rights to many common-law couples. She explains why the law often doesn't care about your intentions, what assets and liabilities may be subject to division, and how proactive planning can save families significant stress and expense down the road.The "Great Wealth Transfer" and why more families are receiving inheritances than ever beforeHow Alberta's Family Property Act changed for common-law couples in 2020Why 50% of assets and liabilities may be on the table during a separationCommon misconceptions about inheritances and gifted fundsThe difference between exempt assets and divisible assetsWhy intention alone is often not enough to protect your wealthThe importance of cohabitation agreements and prenuptial agreementsWhy these agreements should ideally be completed at least six months before a weddingConsiderations before purchasing a home with a partnerHow domestic agreements can evolve and be amended as life changesPractical steps couples can take today to protect themselves and their familiesOne of the biggest lessons from this conversation is that asset protection isn't about planning for failure—it's about creating clarity. Whether you're moving in together, getting married, receiving an inheritance, or purchasing a home, having the right agreements in place can help protect both parties and reduce conflict if circumstances change in the future.For more information about Carey and the team at BDL Family Law LLP, visit:BDL Family Law LLPThis episode is intended for educational and informational purposes only and should not be considered legal advice. If you have questions about your specific situation, consult a qualified family law professional.In This Episode We Discuss:Key TakeawayConnect with Carey LeishmanDisclaimer