Prenup Financial Agreements – What is a prenup?
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.
No need to go to Court
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 support issues, the couple have resolved their 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 Section 90B of the
Family Law Act 1975 (cth)
and can save you time, money and heartache.
Common issues that can be dealt with in a Prenup Agreement
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.
Provision for children
People with children from prior marriages or relationships often wish to ensure that they protect certain assets from claim, preserving those assets for the benefit of their children. Putting an agreement in place has the added benefit of relieving some of the tensions that may arise when children see the new spouse as a threat to their inheritance.
Protection of Assets
Partners often wish to maintain control over their own finances, businesses, houses or investments. Putting a written agreement in place that determines in advance what’s yours, mine and ours reduces the possibility of such issues becoming the cause of a relationship breakdown and can actually strengthen the relationship.
The Protection of an Inheritance
Binding Financial Agreements (BFA) are an essential tool, particularly in cases where the spouse to be is likely to inherit family owned property or wealth from the rich uncle. As part of an overall strategy to maintain control of family owned assets, a BFA will ensure your family wealth remains with the family members and not shared with an estranged partner.
Getting Married Soon?
A prenup takes care of the financial and practical matters of your future life together.
– it is inadvisable to enter a prenup 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
after the wedding which will work just as effectively as a prenup.
Professionally drafted prenuptial agreement with complete instructions only $147 – Instant Download
You receive –
Comprehensive User’s Guide
which answers your questions
– so you know what the completed agreement should look like
– help you to tailor the document to your own situation – just cut and paste!
Bonus Will kit
because it’s always a good idea to update your will when your life circumstances change, such as separation or divorce, the birth of a child or entering into a new relationshipn.
Access to the Exclusive Members area
which takes you through the process step-by-step
Complimentary Financial Agreement Assessment
– we check your draft agreement to ensure it’s ready for the lawyers and the mandatory Legal Advice. This is how we save you thousands of dollars in legal fees.
Access to fixed price Legal Advice
so you can get your agreement certified without spending a fortune.
: 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
Sample Prenup Agreement Excerpt
“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
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