Preserving your assets and protecting your future.
Are you considering entering into a financial agreement with your spouse or partner?
Whether you’re married, separated or in a de facto relationship, a Binding Financial Agreement drafted by an experienced lawyer can help you protect your interests and avoid costly legal proceedings.
At Richardson Legal, we’ve drafted numerous financial agreements for Perth couples before and during their relationship and can help you preserve your assets and protect your future with optimal peace of mind.
A Financial Agreement is a legal agreement between two or more people – and including same sex couples – that governs the distribution of the property of a marriage or de facto relationship.
Such agreements have been available to parties since amendments were made to the Family Law Act 1975 (Cth) in 2001 and the Family Court Act 1997 (WA) in 2002. Once parties properly execute a Financial Agreement, they relinquish all rights under the Family Law Act or Family Court Act for the Court to resolve financial issues between them.
Protection of the assets of one party where there is a substantial disparity in wealth.
Preserving one party’s assets for the purpose of future inheritance.
Long-established family farms or businesses where the intention is to preserve the asset for future generations.
Second (or subsequent) marriages or relationships, where both parties seek to protect previously acquired assets.
Couples often enter into financial agreements prior to marriage, but this isn’t the only time they can be made. Parties may consider entering into a financial agreement:
We are standing by ready to help align our expertise with your goals.