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Thursday 17 April 2014

When is a prenuptial agreement appropriate?

When is a prenuptial agreement appropriate?

Prenuptial agreements may be appropriate where:


1.     one person has much more property than the other when the relationship began

2.     one person is, or may later become, entitled to an inheritance or gift

3.     you are moving into a second or subsequent relationship where children from former relationships might need to be protected financially, or

4.     you both simply want to make sure the terms of any property division are agreed up front and will not end up in court.

What about de facto relationships?

Since 2009, virtually the same rules apply to de facto relationships as they do to marriages.
Your relationship can be defined as de facto when you are living together on a genuine domestic basis yet are not married to each other or related by family.
Whether or not your relationship is de facto will be determined according to such matters as the length of the relationship, whether you live together, whether you have combined your finances and you have children together.
For further advice contact the team at G&B Lawyers.
M: 0481 287 528
E: info@gandblawyers.com.au
W: www.gandblawyers.com.au
GPO Box 1849, Sydney, NSW 2001
 

1 comment:

  1. Great blog, very informative and useful content you are shared here.
    Financial Agreements can apply to both de facto relationships and marriages, and can be completed before the marriage/relationship. These are often referred to as pre-nups.Pre-nuptial agreement Lawyers Sydney

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