Document background
A Matrimonial Agreement (also known as a Prenuptial Agreement or Contracting Out Agreement in New Zealand) is essential for couples who wish to opt out of the default property division regime under the Property (Relationships) Act 1976. This document is particularly relevant for parties entering marriage or civil unions who want to protect existing assets, manage business interests, or establish clear financial arrangements. It must be drafted in compliance with New Zealand law, requiring independent legal advice for both parties and full disclosure of assets and liabilities. The agreement typically covers classification of separate and relationship property, treatment of future acquisitions, debt allocation, and arrangements for potential separation or death. It's commonly used by couples where one or both parties have significant assets, business interests, expected inheritances, or children from previous relationships.
