PLEASE NOTE! Agreements become legally binding only when each party has received Certified Independent Legal Advice
Financial Agreements during Marriage: Post nuptial
What is a Post Nuptial Agreement? |
Post Nuptual means 'after marriage'. The most common terms are postnup, post nup, post nuptial and post nuptual but they all refer to the same situation. After a couple get married they can use a post nuptial agreement to decide the way any property or assets are divided should the marriage fail. Australian statistics show a trend towards divorces later in life; in 1985, 15 per cent of divorcing husbands were aged 50 or older, but in 2005, 28 per cent were in this age group. There is also an increasing trend towards divorces involving couples who had been married for 25 years or more. With this in mind a protecting and securing any property and assets has to be a sound idea.
A Financial Agreement 90C is the particular agreement needed for a married couple.