The decision to live with ones partner is often made with little consideration to the rights that each person has with respect to money and property. A recent legal victory for same sex lobby groups has secured in legislation that same sex relationships are now recognised under Australian Law.
From the 1st March 2009 amendments to the Family Law Act 1975 recognise the validity of same sex relationships.
These laws provide for same sex couples, when they separate, to obtain property settlements on the principles that have applied to married couples since 1975.
These laws enable the Family Law Courts to order spousal maintenance and division of any property that the couple own, either separately or together including superannuation.
This means that even though a couple may not be legally married there is no discernible difference in the rights of the couple under the law, in a relationship of sufficient duration.
Sections 90UB and 90UC of the Family Law Act refer to financial agreements made before or during a de facto relationship.
In Western Australia these agreements are made under Sections 205ZN and 205ZO
of the Family Court Act.
Making a Financial agreement allows you to stipulate and protect assets or financial resources in the unfortunate event of a relationship breakdown.
Your financial agreement becomes a legal expression of the intent of the partners. It’s intended to serve as a safety net should you find yourself in the position of having to divide assets and dismantle a relationship. It is a less stressful and far less expensive option than going to court.
A financial agreement that provides certainty avoids these financial and emotional costs, and allows a couple to decide in advance what would be a fair division of their assets if, for any reason, their relationship were to fail.
Financial agreement kits for gay and lesbian couples are available for immediate download for just $
These comprehensive Financial (Cohabitation) Agreement Kits have been drafted to comply with the relevant legislation. They give you all the guidance you need to create a legally binding, protective financial agreement.
Your financial agreement kit includes a comprehensive manual that explains the law as it applies to this agreement. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete your agreement in detail. In addition, it contains alternative legal clauses and provisions you can use to personalise your agreement.
Drafted Under the Family Law Act 1975
Gay Male Couple AgreementsDuring Cohabitation Buy Now Pre Cohabitation Buy Now
Lesbian couple AgreementsPre Cohabitation Buy Now During Cohabitation Buy Now
Financial Agreement drafted under the Family Court Act.
Gay Male couplePre Cohabitation Buy Now During Cohabitation Buy Now
Lesbian couplePre Cohabitation Buy Now During Cohabitation Buy Now
Important note: The Family Law Act requires each party to receive independent legal advice before signing the agreement. This ensures both parties fully comprehend their rights before entering the agreement and prevents misunderstandings.
Our financial agreement review service is available as an option with this agreement, which means you can obtain the Legal Advice at a low fixed price.
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