Financial Agreements made before marriage are more commonly known as prenuptial agreements or ‘prenups’.
Essentially a prenup is a practical plan for how the assets, debts and other matters to do with the marriage will be dealt with if the relationship breaks down.
Putting an agreement in place gives the couple peace of mind and offers certainty about the future. It stops niggling doubts and settles the “what happen’s if?” questions.
A prenup is an alternative to court action. It is a method for the parties to negotiate a settlement of their family issues in the event of future separation. This means that, at least insofar as they concern money and possibly child maintenance issues, the couple has resolved its issues in advance without needing the court to impose a solution.
Financial agreements can reassure and comfort people entering marriage. They are recognised and enforceable under the Family Law act and can save you time, money and heartache.
Couples marrying later in life or for the second or third time often need to consider more complicated issues such as the provision for children, the protection of assets and the protection of inheritances.
IMPORTANT! – it is inadvisable to enter a prenuptial agreement within two weeks of your wedding. You won’t find this warning anywhere in the Act it’s just something our lawyers believe could go to proving undue influence.
If you are running out of time and cannot formalise the prenup before the big day then you can always make a postnuptial agreement after the wedding which will work just as effectively as a prenup.
This prenup has been drafted in accordance with section 90B of the Family Law Act 1975, and includes all the guidance you need to create a legally binding financial agreement.
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Important note : Section 90G of the Family Law Act requires that each party to the agreement receive independent legal advice before the agreement has any legal force, we have introduced our Legal Review Package as an affordable way to receive the correct certification
“The service provided by your company was second to none! The prenuptial contract process was seamless with all the details that I wanted plus more. The service, support, the contract, examples contract and everything that came with it was faultless! I highly recommend your company and will with no hesitation use your service again! Well Done.” Nathan Waterstone Oakleigh Vic
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