A Financial Agreement can provide couples with certainty and control over their financial arrangements, potentially reducing the emotional and financial costs associated with Court proceedings.
01. Asset Protection
02. Certainty and Control
03. Avoiding lengthy and Costly Litigation
04. Clarity and Predictability
05. Reduces Emotional Stress
Timing
A Binding Financial Agreement can be made before, during or after a marriage or de facto relationship. Agreements made before a relationship are often referred to as 'pre-nups', but in Australia, the legal term is Financial Agreement.
The main purpose of a Financial Agreement is to allow couples to decide privately how their finances will be handled in the event of separation, rather than having the Court decide under the Family Law Act.
Coverage?
A Financial Agreement can cover all or some financial aspects, including property division and spousal maintenance.
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