A Financial Agreement, also known as ‘Prenup’ or a prenuptial agreement, provides for parties to a de facto relationship or marriage to set out the financial arrangements should their marriage or de facto relationship break down. You can make a Financial Agreement before, during or after a de facto relationship or marriage ends. Generally, they include a financial settlement after the breakdown of a de facto relationship or marriage; financial support of one party by the other after the breakdown; and any incidental issues. In order for the Financial Agreement to be effective, both parties need to sign it and receive independent legal advice.
Drawing a Financial Agreement has many advantages. Firstly, you have the power to make your own decisions. Secondly, you avoid the significant financial costs and emotional trauma from legal proceedings. Thirdly, your continuing relationship as parents, if you have children, will likely be more effective.
If you want to prepare a Financial Agreement, feel free to contact our office for a face-to-face consultation. Alternatively, you can click on one of the links below to access our online services, where you can create a Financial Agreement by yourself at a more affordable price with limited guidance.