PRENUPTIAL OR BINDING FINANCIAL AGREEMENTS

Posted by Family Lawyers Mackay on April 7th, 2021

Learn more about Prenuptial Agreements and Postnuptial Agreements and read further information relating to Pre-Nups & Binding Financial Agreements in Brisbane.

Prenuptial agreements and binding financial agreements will set out exactly how all or any of the assets, (owned by you at the date of signing the agreement or acquired after signing the agreement), will be divided between you and your partner in the event of breakdown of the marriage or the de facto relationship. The agreement may allow for maintenance issues to be dealt with in marriages and de facto relationships, after divorce or separation.

If you are contemplating marriage or entering a de facto relationship, it is a good idea to get a lawyer to draft and execute a prenuptial agreement/financial agreement for you. You can also have a prenuptial agreement/financial agreement drawn up during your relationship. This will safeguard your personal assets in the event your relationship does not work out.

Always know your legal options by consulting an Accredited Specialist Family Lawyer in Mackay.

PRE-NUPS, POST-NUPTIALS & BINDING FINANCIAL AGREEMENTS MACKAY (BFA’S)

Protect your assets and your financial future before, during and after the breakdown of a relationship, partnership or marriage.

If parties in a relationship (family, de facto, same-sex couples) come to an agreement on how they intend to divide their assets, then they can enter into Consent Orders or a Prenuptial Agreement/Financial Agreement to make the agreement legally binding.

CONSENT ORDERS

Parties can enter into consent orders to finalise the arrangements in relation to property, children and spousal maintenance by signing an Application for Consent Orders document and lodging the document with the Family Court of Australia. The Application is considered by the Court and the orders made by a Judicial Officer. Parties can apply for consent orders without the necessity of going to Court.

PRENUPTIAL, POST-NUPTIAL AND BINDING FINANCIAL AGREEMENTS IN MACKAY

A Prenuptial Agreement is an agreement entered into between parties that relate to spousal maintenance and the distribution of property. A Prenuptial Agreement is not lodged with the Court. There are several types of Prenuptial Agreements.

PRENUPTIAL AGREEMENT AND FINANCIAL AGREEMENT BEFORE, DURING AND AFTER RELATIONSHIP BREAKDOWN

Parties are able to enter into a prenuptial agreement or financial agreement regarding assets acquired:

• Before and during the relationship; as well as
• After the relationship has ended.

Note: Mackay Prenuptial Agreements and financial agreements can be particularly useful where you have inherited assets from a family estate, or where you have accumulated your own personal wealth from a successful career and making wise investments.

Article Source: Prenuptial Agreement