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Going to a lawyer for the preparation of a financial agreement

  • 9 月 11, 2023

Home » 澳洲法律解读 » 家庭法 » Going to a lawyer for the preparation of a financial agreement

Chua Tan Associates can help you draft and analyse the benefits and costs of entering into a financial agreement based on your individual circumstances. Our team of lawyers have more than 30 years’ experience in dealing with family law matters.

As each relationship is unique and the parties’ unique circumstances create their own binding financial agreements, it is important to speak to a lawyer who can answer your questions and prepare the agreement. If you do not have a pre-nuptial agreement and your relationship ends, you should obtain immediate legal advice to understand your rights and entitlements. We help negotiate property settlements whether there are or not binding financial agreements in place.

A lawyer can provide you with a better idea of what your best options are by understanding your specific situation and then providing you with likely outcomes based on similar past cases. As costs for drafting and preparing a financial agreement are approximately a few thousand dollars, parties should feel rest assured that ‘insurance’ to a relationship ending does not cost much. Seeking legal advice before you make a decision is therefore useful to help you understand your options and answer your questions.

Drafting binding financial agreements can be complicated and requires consideration of parties’ specific circumstances and assets. For example, different considerations are made for when a party has children, whether they enter into a financial agreement before, during or at the end of their relationship as well as what sort of assets and financial resources the parties have. It therefore requires specific legal advice which only a lawyer can provide. In this respect, a lawyer ensure that the agreements are binding on the parties, where otherwise the Courts might set it aside for procedural requirements having not been met and there will be litigation as a result. Contact Chua Tan Associates to understand the requirements and considerations to create a binding financial agreement.

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