There are a variety of forms of Binding Financial Agreements. These include Financial Agreement before, during and after a defacto or spousal relationship.
A pre-nuptial agreement is a form of Binding Financial Agreement which aims to preserve and protect your current assets, while guiding a settlement in the event that your relationship ends.
The Agreement is made under the Family Law Act and aims to take into account all your circumstances at the time of signing and reasonably anticipated future circumstances, and can provide for: –
– how you deal with your assets, proceeds of any assets, inheritances, gifts and your income during the course of the relationship
– how you and your partner propose to deal with your separate and joint assets in the event that your relationship ends
Careful drafting and attention to detail is required to give you the greatest prospect of enforcing such an agreement in the future, and we have the extensive experience to protect you to the extent the family law permits.
If you have ever been through a contested property settlement or have known someone who has been through a contested property settlement, you will be well aware of the advantages of having an agreement in place in advance.
A Financial Agreement during or after a relationship deals with a similar subject matter. It is important to obtain experienced, considered advice in relation to your agreement to provide you with the highest degree of certainty and understanding regarding the effect of the Agreement at law.
Contact our office or Principal Mr Thexton on 0410 639 921 to discuss your situation further.