Financial agreements in contemplation of marriage, also known as prenuptial agreements or prenups, can provide valuable protections for individuals entering into a marriage or de facto relationship.
These agreements allow couples to establish financial arrangements and property division in the event of a separation.
By creating a financial agreement before marriage, couples can clearly define how their assets, debts, and financial resources will be managed throughout the relationship and in the event of a breakdown. This can help minimise disputes and uncertainties during a separation.
Binding financial agreements offer a level of certainty and control over financial matters, allowing couples to tailor arrangements that suit their unique circumstances and preferences. They can address various aspects, including property division, spousal maintenance, and financial support for children.
It is important to note that binding financial agreements are made in accordance with the Family Law Act 1975 and must meet certain legal requirements to be enforceable, such as being in writing and signed by both parties with independent legal advice.
An experienced Geelong family lawyer can provide expert guidance and assistance in preparing and reviewing financial agreements in contemplation of marriage.
Geelong Legal can help ensure that your agreement is properly drafted, complies with legal requirements, and offers the necessary protections in the event of a separation.