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Tuesday 15 April 2014

Protect yourself ... getting a pre-nup done will pay in the end!

What is a prenuptial agreement?

Prenuptial agreements set out how your property will be divided if your relationship breaks down. 
They can be made before, during or after the relationship - whether it’s a marriage or a de facto relationship. And the property that you can protect includes not only cash and real estate but also assets such as a family business, a trust, investments, an entitlement to an inheritance, superannuation or even a pension entitlement.
The idea of property also includes debts and liabilities of the relationship such as an obligation under a contract.
When you and your partner (or partner-to-be or ex-partner) agree how your property is to be divided, it is important to do it legally.
With a prenup your assets and liabilities will be divided according to the terms of the agreement and prevents the Family Courts from becoming involved if your relationship does not work out.
The agreement must comply with strict legal requirements and you must have a certificate from a lawyer stating that you have received proper advice.
If the agreement is not done legally it will not be upheld and you may have to fight things out in court anyway. 
For assistance on preparing a pre-nup, contact us at G&B Lawyers.

M: 0481 287 528

E: info@gandblawyers.com.au

W: www.gandblawyers.com.au

GPO Box 1849, Sydney, NSW 2001






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