When stepping into a relationship or marriage, discussing finances might not seem romantic, but it's one of the smartest decisions you can make.
A Financial Agreement, if drafted and executed correctly, is a legally binding document that clearly outlines how assets, liabilities and financial resources will be divided if your relationship ends; effectively removing your financial settlement from the Court’s jurisdiction and keeping you in control.
In Australia, there are three defined Financial Agreements that can be made between couples either entering into a marriage or de facto relationship, during the relationship or after separation. Most people are familiar with Financial Agreements made when a couple are planning to live together, colloquially called a “Pre-nup”.
Financial agreements give couples control over their financial future, rather than giving the power to make those decisions to a judicial officer, who may not thoroughly understand your circumstances or what is really important to you. They deal with the division of property, including real estate, money and other assets, superannuation, spousal maintenance and other financial matters—providing certainty and peace of mind.
Financial Agreements aren't just for the wealthy. They're valuable for anyone who wants to:
Protect family assets or inheritances
Safeguard business interests
Ensure children from previous relationships are provided for
Maintain financial independence
Avoid costly and stressful court proceedings if the relationship breaks down
Creating a valid and binding Financial Agreement requires strict compliance with Australian family law. Both parties must receive independent legal advice, the agreement must be properly drafted and fairly executed to be enforceable.
With over 12 years of experience in law, we understand that every relationship is unique. We take time to understand your circumstances, explain your rights and obligations clearly, and draft agreements that reflect your specific needs and goals.
We’ll guide you through the process with sensitivity and professionalism, ensuring your agreement is comprehensive, fair and legally sound. Whether you're planning ahead, have had an unexpected event in your life or relationship or need to formalise arrangements at the end of your relationship, we’re here to guide you along that path.
Don't leave your financial future to chance. Contact us today for a confidential consultation to discuss how a Financial Agreement can provide security and clarity for you and your partner.
Call or email to arrange your appointment with Foote Family Lawyers.
&geometry(230x110) "Foote Family Lawyers")
