Parties to a de facto relationship can make binding financial agreements. A financial agreement can be made either before the relationship begins at any time during the relationship or on separation. The agreement can cover matters such as:
- responsibility for expenses,
- classification of property owned by the parties as either joint or individual property,
- the categorization of property acquired during the relationship as either joint or individual,
- responsibility for debts and
- the division of property and maintenance if the couple separates.
If you have come to an agreement without legal advice, you should obtain advice before you sign anything. Byron Bay Family Law & Mediation Specialists can provide you with the advice needed to make an informed decision before you enter into a binding financial agreement. We can also assist by drafting the agreement for you to ensure that it covers all the legal requirements that you may not have thought of.
Byron Bay Family Law is a leading family law firm in Australia. Please contact us on 1300 635 529 to speak with our family and divorce lawyers today. You can also send through your enquiry online now and we will contact you shortly.
