Document background
A Prenup For Defacto (Binding Financial Agreement) is a crucial legal document in Australia that provides financial certainty and protection for couples in de facto relationships. It is designed to comply with Part VIIIAB of the Family Law Act 1975 (Cth) and must be prepared before or during the de facto relationship. This agreement allows partners to protect their assets, outline financial arrangements, and establish clear procedures for property division if the relationship ends. It requires mandatory independent legal advice for both parties, comprehensive financial disclosure, and must be properly executed to be legally binding. The document is particularly important for partners with significant assets, business interests, or those seeking clarity about financial matters in their relationship.
