What can and can’t a Financial Agreement deal with?
A Financial Agreement can’t deal with parenting matters or child support; nor can it deal with a person’s estate after death.
A Financial Agreement can deal with a wide range of issues including the following:
- Quarantine of pre-relationship assets (or later assets purchased with those funds), or any other arrangement parties wish to make regarding distribution of those assets on separation.
- Quarantine of inheritance received before, during or after relationship, or any other arrangement parties wish to make regarding distribution of those assets on separation.
- Spousal maintenance.
- Superannuation – superannuation can be split and a portion rolled over the partner’s name on separation.
- Plan for division of jointly owned or acquired assets and liability during the relationship.
- Plan for adjustment of distribution following the birth of children (if any).