A financial agreement creates as much certainty as possible as to how assets will be divided if, or after, the marriage or de facto relationship comes to end.
DCH Legal Group are experienced in drafting and providing advice with respect to all financial agreements, including prenuptial agreements.
Understanding the issues
A financial agreement is a written agreement made between you and the other party setting out how assets or financial resources are dealt with in the event the relationship comes to an end.
Financial agreements can also be made in relation to spousal maintenance and other matters.
An agreement may be made either before, during or after marriage, or before, during and after a de facto relationship.
Is that a prenup?
When these type of agreements are drafted before marriage they are commonly referred to as a “prenup” or “prenuptial agreement”.
The law in relation to financial agreements is complex, and both parties are required to obtain independent legal advice before entering into a financial agreement.
If drafted correctly, Financial Agreements are a means of resolving your matter without the need for the Family Court to be involved.
Financial agreements may also however be set aside by the Family Court under certain circumstances.