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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