Don’t believe everything you hear about how to protect the things you own and that you don’t want to share (ever) with your partner. In fact, don’t believe anything you hear, unless it’s from someone who knows what they’re talking about.
If you own something of significance that you wish to protect, there is a legally binding way to do that.
Prior to being married you may wish to enter into a Pre-Nuptial Agreement (Binding Financial Agreement) so there is absolute clarity about who is bringing what to the relationship. You don’t have to be a movie star or Royal to do this.
You can also protect an asset such as an inheritance received during a relationship by entering into a Binding Financial Agreement.
And, if your relationship has ended, a Binding Financial Agreement is an effective way to agree on a final split of your assets and liabilities.
Binding Financial Agreements are legal binding and if prepared properly are very difficult to overturn. That’s what makes them so effective and that’s also what makes it imperative a lawyer with commensurate experience to prepare and advise on such an agreement is engaged to assist you.
Our lawyers are very experienced in this area; whether it be to prepare a Binding Financial Agreement or advise on a Binding Financial Agreement prepared for you by another lawyer. Don’t risk getting it wrong, call us at our Gold Coast or Brisbane office for an opinion.
Binding Financial Agreements are not lightweight documents and nor are our lawyers.