Mary Basta
Head of Family Law
Our highly experienced team of family lawyers dedicate time to understand your situation and reasoning, then tailor advice to best suit your unique circumstances.
Financial agreements, often referred to as binding financial agreements, have seen a rise in popularity over recent years.
Prepared by experienced family lawyers, these legal documents detail the financial arrangements between parties should their relationship come to an end.
Their primary aim is to offer clarity and certainty about asset division, maintenance payments, and other financial concerns between the involved parties in the event of a separation.
It is important to note, these agreements do not address child arrangements or child support payments.
In Australia, Financial Agreements can be entered into before, during, or after a marriage or de-facto relationship.
There are various reasons couples might opt for these agreements. For instance, if one or both partners have acquired significant assets prior to entering the relationship, they might wish to safeguard those assets in case of future separation or divorce.
This is especially relevant if there are children from prior relationships, and a party wants to ensure whose assets remain protected for the children’s benefit.
The legislation in Western Australia stipulates specific criteria that must be fulfilled for a Financial Agreement to be legally binding. It is crucial to seek legal advice when contemplating such an agreement to guarantee its validity.
If you are considering a prenuptial or postnuptial agreement, or need guidance on appropriateness for your situation, the skilled lawyers at Culshaw Miller are here to assist. Contact our lawyers by calling us on 08 9488 1300 or by emailing us via info@culshawmiller.com.au.
