Tag: Financial Agreements

Here are some examples of the different types of financial agreements and the reasons for having them. A pre-nuptial agreement (section 90B) Leon is the son of a well-to-do farmer. The family farm has not changed hands in over 100 years and the management and ownership has just passed to Leon. Leon met Andrea 6 […]

Our concept of the family unit is fast moving away from the more traditional concept of a family (mum + dad + 2.4 kids) in favour of a more dynamic and complex structure. Modern family structures include:- single dad or mum households, traditional married couples with children, de facto couples, gay couples, adoptive households, step-families, […]

The main reason is because it is a requirement of the Family Law Act. The advice ensures that parties understand what they agreeing to, their rights and obligations, and that they have not been influenced by the other party or any third party. Getting the legal advice ensures that your agreement fulfils your intentions and […]

It’s not uncommon for couples to break up without taking care of the paperwork. But if you’ve accumulated assets together then delaying property settlement can be a costly mistake. In Australia there are set time limits for the settlement of property depending upon the nature of your relationship. For de facto’s – a party to […]

They say “All is fair in Love and War”, and after a breakup it can be tempting to go into battle. But if you’ve built a life together, accumulating assets (and debt), it is better to find a way to deal with your ex fairly and calmly. There are a couple of options when it […]

Same gender couples have enjoyed recognition under the Family Law Act (Act) since 2008. With the changes is 2009, they now have similar rights and protections as married couples. Same gender couples can address family related issues which include:- property division; maintenance; parenting (custody) issues; child support; and superannuation splitting. Definition of “de facto relationship”? The […]

Under the Family Law Act, spousal maintenance may be formalised by way of a Financial Agreement (under sections 90B, 90C, 90D, 90UB, 90UC, 90UD). If you have reached agreement with your ex concerning spousal maintenance and wish to formalise your arrangement by way of a Financial Agreement, you need to be aware of the following […]

It is true that the requirements for signing a financial agreement are a little different to those that apply to signing a standard contract. The Family Law Act sets out specific requirements that must be met for signing financial agreements, in order for the agreement to be binding. What does the Family Law Act say? […]