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Binding Financial Agreements

Binding Financial Agreements
  • Meta Title: Binding Financial Agreements Perth | Prenuptial Agreement

In Western Australia, the Family Law Act 1975 and Family Court Act 1997, allows both parties in a marriage, or de facto relationship, to enter into a binding financial agreement, often referred to as a prenuptial agreement, which outlines the arrangements for financial settlement, in the event of a breakdown of the relationship.

A binding financial agreement plays an essential role towards protecting your assets, and gives you the relevant information in knowing your rights and responsibilities, following the breakdown of a relationship. At Thomson Family Lawyers, we appreciate the sensitivity behind this agreement and act fairly and respectfully towards all parties involved.

Also commonly referred to as a “prenuptial agreement”, a binding financial agreement can be entered into before, during or after a marriage or de facto relationship. By creating this agreement mutually with your partner, you can feel secure knowing that your assets, business investments and other financial matters are protected.

To be a valid and legally binding document, both parties must obtain professional legal advice on the agreement. An independent solicitor will draft and execute the document, ensuring it complies with the legislation. At Thomson Family Lawyers, our team of Perth lawyers are experienced in providing legal advice in respect of such matters. As part of our service, we also discuss the implications of not having a binding financial agreement in place, so you are aware of all your options.

By deciding on your financial settlements, our family lawyers can curate a binding financial agreement that will be an individually tailored settlement agreement, suiting the needs of you and your partner, so that in the event of separation, you are each able to resolve your financial matters with certainty.

Take control of your finances with Thomson Family Lawyers by your side. Our family lawyers are experienced in protecting your assets through a binding financial (prenuptial) agreement in Perth. Contact us on (08) 6444 9911 to manage your financial settlement matters today.

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