For anyone looking to be in a long term relationship, there’s a lot to consider. Assets that you already own shouldn’t be included in any shared assets, and by entering into a mutually agreed-upon prenuptial contract with your spouse, you are protecting your assets. Many people do not want to consider what might occur if a relationship breaks up, but given that more than a third of marriages in Australia end in divorce, it highlights the importance of making provisions.
Customized to Fit Both Parties
Basically, a prenuptial agreement is a mutual agreement between two people who stipulates what happens to certain assets if the relationship ends. There is family attorneys in Adelaide who can help you make a prenuptial agreement that protects both parties and in the event of a divorce, assets are divided according to the prenuptial agreement.
Planning for the Child’s Future
Making a prenuptial agreement is an amazing way to make sure the financial security of every child, and for both parents, it is vital to make provisions for the kids in the event of a marriage breaking up. With input from both parents, provisions can be made to make sure the kids’s financial security, should the marriage fail.
Communicate with your Partners
In cases where one party is unhappy with the introduction of a prenuptial agreement, it is actually because they weren’t consulted, so ensure you talk to your fiancé about individual assets first. Most people see the importance of entering into legally binding agreements to protect their individual assets, and with the help of a family lawyer, you can rest assured that your needs are being met.
Children from Previous Relationships
If you have kids from previous relationships, a prenup can help ensure that they’re fulfilled. Since the agreement is legally binding, whatever is stipulated will be governed within divorce eventthereby avoiding messy conflicts.
Unique Financial Circumstances
No two people are in identical financial circumstances, and rather than creating resentment, prenups can bring people closer by making them consider making provisions should the relationship end. More and more couples are making prenuptial agreements, particularly those who have previously been married, and with the help of experienced family attorneys, both parties are pleased with its content.
Professional advice
If you have not considered a prenup yet, why not talk to a family lawyer who can advise you on the best way to proceed? Whichever region of Australia you live in, an online search will bring up a list of local family law practices and you can pick it up from there. While we all want to be optimistic and think that our marriage is for life, what if it’s not?
Talk to your fiancé and the two of you can sit down and work out an agreement that will protect both of you in the event of a divorce and cover every aspect of dividing assets, and with the help of a family lawyer, you can both take steps to protect your personal assets.
