A Financial Agreement deals with what happens with your assets and can be slightly different depending on when you enter into the Agreement:
- Before marriage (commonly referred to as a pre-nup);
- During marriage but before separation;
- During marriage but after separation; or
- After divorce.
A Financial Agreement allows you to agree to what happens to your property in a way that meets your own individual needs.
If you are considering a Financial Agreement it is vital that you obtain legal advice as one of the requirements for the Agreement to be binding is that each party has received legal advice. It is also important that the Agreement complies with the Family Law Act, as the Court can set aside an Agreement on a number of grounds.
If you want to end a Financial Agreement you can enter into a Termination Agreement.
Contact us to arrange an appointment with an accredited family law specialist or an experienced solicitor who can provide legal advice on all Financial Agreements including what to include in a Financial Agreement, and the circumstances where the Agreement can be set aside.