Greg and Yana can enter into the next phase of their life together and still take care of the financial arrangements.
Essentially, both Greg and Yana make a declaration of the assets and liabilities they own before moving in together and include it in their Financial Agreement. They are each responsible for the debts they bring to the table and each can leave with the assets they they have brought into the partnership. If they choose, they can also make provision for separate or combined living expenses.
Once the advice is given, the solicitor for each party will attach a Certificate confirming that advice was given prior to the parties signing the Agreement.
This prevents either party from arguing that, at the time of making the agreement, they were unaware of the ramifications of signing the agreement.
Make sure you visit our Agreement Review page to learn more about this requirement and to find out how you can obtain your certificate of legal advice at a fraction of the normal solicitor costs.
This pre de facto agreement kit has been professionally drafted to comply with section 90UB of the Family law Act and allows you to complete a pre defacto financial agreement with a minimum of fuss. It includes;
Buy pre defacto agreement for Western Australia
We’ve shown the agreement for all states except W.A. The grey boxes indicate form fields where you enter your personal information. Yellow highlights indicate areas where you will choose a clause that suits your situation.