Colloquially known as a pre-nup, this is a binding financial agreement that describes how all or some of a couple’s property or financial resources will be dealt with if they separate.
If drafted correctly, pre-nups can be very valuable documents in a relationship break down. They can save you extensive negotiation or costly court appearances, and help you avoid difficult conversations or disputes.
A legally Binding Financial Agreement is an agreement between couples who want to make a formal agreement about their finances and property. It can be made at any stage in a relationship; at the outset, during, or after separation. If completed after separation it is an alternative method of formalising and making a binding post-separation property settlement.
It absolves the burden of stamp duty on transfer of property interests and allows a superannuation fund to be split.