The Family Law Act now allows married couples and de-facto couples (that have separated after 1 March 2009) to enter into financial agreements.
Financial agreements between parties can be made before, during and after marriage. These can be done via Consent Orders of the Family Court or by private arrangements. It is best to have clear agreements attended to by lawyers to ensure that private agreements can be upheld by the court.
There are many benefits to obtaining such agreements at various stages in a marriage, as they provide all parties with protection for their needs.
If you’re thinking about financial agreements or wish to find out more, please contact us for an obligation free consultation.