Financial Agreement for a Defacto couple Western Australia with Bonus Legal Will Kit

When to use this agreement

Couples living together in Western Australia deserve the security of a mutually agreed contract (Cohabitation Agreement western Australia) in writing for their own protection.

In the event of a breakdown in the relationship or the death of a partner, a Financial Agreement (also known as a Cohabitation agreement) will help to clarify respective property rights, financial commitments and the liabilities arising from joint tenancy. Here, the rights and obligations of the parties can be spelled out in plain English eliminating the burden of uncertainty.

The financial agreement states that property owned by each of the parties before the execution of the agreement, shall remain the property of that party. Debts are treated in similar same manner.

Two types of Defacto agreements in Western Australia

De Facto Pre Cohabitation Financial Agreement WA 205ZN Only $147.00

For couples who have not moved in together yet

De Facto Cohabitation Financial Agreement WA 205ZO Only $147.00

For couples who are already living together.

What does this mean for you?

In the event the parties separate the document sets out how property acquired jointly should be dealt with including gifts.

Cohabitation Agreements are agreements made between people who are living together or intending to live together but not intending to get married.

Couples intending to get married should define their relationship with a Prenuptial Agreement.

Governed by the Family Court 1997 in Western Australia

The WA legislation (The Family Court Act 1997) applies to de facto relationships, irrespective of gender. Meaning this agreement is suitable for both heterosexual and same-sex couples.

When establishing your Financial Agreement it’s sensible to give some thought to effecting a legal Will, that’s why we’ve included a bonus Will Kit.

This Financial Agreement with Easy-to-Follow instructions includes the following Provisions –

• Parties
• Consideration
• Disclosure of Current Financial Status
• Division of Living Expenses
• Separate Property
• Joint Property
• Commingling of Property
• Gifts
• Debts
• Division of Property upon Termination
• Duty of Good Faith
• Death of Party
• Severability of Provisions
• Subsequent Marriage
• Children (optional)
• Applicable Law

Sample Document Excerpt

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.

Your ready-to-use kit includes everything you need

Important note: The Family Court Act requires each party to receive independent legal advice before signing the agreement. This prevents either party from arguing that, when signing the agreement, they did not understand what they were agreeing to.

Our financial agreement review service allows you satisfy the legal advice component of your agreement at a fraction of the usual cost.

This video shows you how the Document Review Service works – Obtain the required Legal Advice component of your Financial Agreement at a low fixed price.

Two types of Defacto agreements in Western Australia

De Facto Pre Cohabitation Financial Agreement WA 205ZN Only $147.00

For couples who have not moved in together yet

De Facto Cohabitation Financial Agreement WA 205ZO Only $147.00

For couples who are already living together.