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Financial Agreements

If you would like to protect your finances in the event of a marriage or de facto relationship breakdown, you and your partner can agree to enter a binding financial agreement. Under the Family Law Act 1975, you can enter a financial agreement before, during, or after the end of your relationship. It is essential to obtain expert legal advice before entering into any financial contract. A relationship breakdown is a difficult time for all parties involved, and dealing with financial matters or spousal maintenance during this turbulent time can be emotionally draining. Honan Family Law is here to help you navigate your financial entitlements by providing clear and compassionate tailored advice to your individual circumstances.

What is the purpose of a financial agreement?

Financial agreements are put in place to prevent the Courts from interfering in any arrangements made regarding property settlement or financial or spousal maintenance in the event of, or following, separation.As long as the financial agreement complies with the legislative requirements, you can make arrangements that suit your unique circumstances. Experienced family lawyers can advise on the fairness and appropriateness of the agreement. 

Why do I need a financial agreement? 

Several circumstances exist that may make a financial agreement beneficial to you. Financial agreements:

  • provide security in the event of separation, with terms already set out regarding property settlement and other financial or spousal maintenance;
  • allow for a more peaceful and amicable separation with both you and your ex-partner aware of the terms of division;
  • preserve an existing or expected inheritance;
  • protect the interests of children from former relationships, in the case of a second marriage or relationship.

Legal support for financial agreements

As family law specialists, Honan Family Law can provide expert advice on the fairness and appropriateness of your financial agreement. We review your personal circumstances both now and for the future to ensure you can achieve a peaceful and quick separation, so you can begin to move on with your life. 

Everything you need to know about financial agreements

Need support navigating your next move?

Book an initial consultation with us. We’ll help you understand where you stand, so you can move forward with grace and confidence.

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