Married life now begins at 40 with one in ten Australians waiting until their forties to tie the knot. Quite often age and assets go hand in hand. If you are marrying or moving in with someone you may want to think about protecting your current or future assets with a binding family law agreement also known as a pre-nuptial or cohabitation agreement.
What is a cohabitation agreement?
A cohabitation agreement is a binding legal agreement which is used by couples who are planning to live together (a de facto relationship). It explains how your assets, financial resources and any liabilities are to be divided should your relationship come to an end.
What is a pre-nuptial agreement?
As the name suggests it is a binding legal agreement used by couples who plan on marrying one another. Like a cohabitation agreement it explains how your assets, financial resources and liabilities are to be divided should your marriage come to an end.
Pre-nuptial or cohabitation agreements are often negotiated by way of collaborative practice – where you and your partner and your family lawyers sit around the table to discuss what is important to each of you and both of you together.
At Bayside Collaborative we can guide you in sensitively discussing issues with your partner, either yourself or by us communicating with them directly or with their lawyer.
For more information about the Collaborative process please contact us or visit our website at www.baysidecollaborative.com.au