While they are officially referred to as ‘Financial Agreements’, they are sometimes referred to as ‘Prenuptial Agreements.’
The purpose of a financial agreement is to specify how property and financial resources will be arranged should you separate from your partner. This agreement can be made or entered into before, during or after marriage or a de facto relationship.
Maddens Lawyers can draft a financial agreement that will specify matters such as:
- The assets and financial resources each partner owns and brings to the marriage or de facto relationship
- How financial settlement (including superannuation entitlements) will be arranged if the marriage or de facto relationship breaks down
- Financial support (maintenance) of one spouse by the other after the marriage
- How any children of the union will be supported post-separation
- Any other incidental issues (each agreement is tailored to your individual circumstances)
In the event of a marriage or de facto relationship break down, the agreement can still be challenged or overturned.