Pre-Nuptial Financial Agreement
A pre-nuptial financial agreement, also known as a binding financial agreement or a “pre-nup” is a document prepared by parties before they enter into a de facto relationship or a marriage.
These agreements cover issues such as the division of property or assets, or spousal maintenance arrangements in the event that the de facto relationship or marriage should break down.
In Australia, both parties must receive independent and separate legal advice outlining the advantages and disadvantages of the pre-nuptial agreement before it is signed. If properly drawn and executed this agreement supersedes the jurisdiction of the Family Court and the Family Law Act, so it is extremely important that this document is prepared properly.
We can help you with all aspects of pre-nuptial agreements. To start the process, make an appointment for a free initial consultation. To book, call 07 3112 0225 or send us a message.
Frequently Asked Questions
A pre-nuptial agreement can include all sorts of items, but at a minimum they usually include details about division of assets, property and spousal maintenance, in the event of a breakdown in the relationship. These documents are flexible, and can cover other items that you may wish to include.
Usually those with significant assets, or those entering another relationship and want the assets to go to their children rather than their new partner/their children will seek to have a pre-nuptial agreement in place.
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Disclaimer:
The information on this website is general in nature and is not to be taken as legal advice. You should consider seeking independent legal advice to check how the information relates to your unique circumstances. Luke Steel Solicitor is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly.