Creating a Financial Agreement allows you to handle the settlement of property matters in a peaceful way.
You and your partner can control the process and work out for yourselves how you want to divide your property and financial resources in the event of a relationship breakdown.
You can do this in your own time without incurring expensive legal fees, employing combative lawyers or going to court.
It is a written agreement that allows you to choose how to divide property and financial resources in the event of a relationship breakdown.
It helps you to:-
While the main effect of a financial agreement is to prevent either party making an application to the Family Court for the division of assets in a property settlement. The aim of introducing Financial Agreements is to encourage all couples to agree about how to divide their property in the event of, or following separation.
Before your financial agreement becomes legally binding it must contain:
This prevents either party from arguing that, when signing the agreement, they did not understand what they were signing or the consequences thereof.
With this in mind, we have negotiated a reduced rate for our customers with several independent, nationally licensed lawyers who can provide the required advice by telephone and e-mail.
The fee for providing this level of advice and certification is $1790 for both parties (unless your situation is particularly complex).