Non-Financial Contributions: What the Court Recognises
When couples separate or divorce in Australia, one of the most important things to work out is how to divide their property. This doesn’t just mean who gets what money or assets—it also includes recognising what each person contributed to the relationship. These contributions can be financial, like income or paying for a mortgage, but […]
Understanding Capital Gains and Divorce Property Settlements in Australia
When couples separate or divorce in Australia, dividing property is often one of the biggest steps they’ll face. But what many don’t realise is that capital gains tax (CGT) can play a big role in what happens during a divorce property settlement. So, let’s get straight to the point: do you have to pay capital […]
Understanding Prenup Modifications: Can You Change a Prenup?
Can you change a prenup? The short answer is yes, but it requires careful legal steps. A prenuptial agreement, legally known as a Binding Financial Agreement (BFA) in Australia, is designed to outline how assets and financial matters will be handled if a marriage or de facto relationship ends. However, life circumstances can change, and […]
The Benefits of a Prenup: Why Every Couple Should Consider It
A prenuptial agreement, commonly called a prenup, is a legal contract between two people before they marry. It outlines how assets, debts, and financial responsibilities will be handled during the relationship and in the event of separation. The benefits of a prenup go beyond protecting wealth—it provides financial clarity, minimises disputes, and ensures both partners […]
Does a Prenup Expire? Key Legal Facts for Married Couples
Many couples considering a Binding Financial Agreement (BFA)–commonly known as a prenuptial agreement–wonder whether it has an expiration date. The simple answer is no, a prenup does not automatically expire in Australia. Once legally executed, it remains in effect unless both parties revoke it, replace it with a new agreement, or a court sets it […]
After Marriage Prenup: What You Need to Know
If you’re wondering whether you can create a prenup after marriage, the answer is yes — it’s called a postnuptial agreement. This type of agreement functions similarly to a traditional prenuptial agreement, but it’s signed after you are legally married. A postnuptial agreement outlines how assets, debts, and financial matters will be managed in the […]
How Much Does It Cost to Get a Prenup: 5 Important Factors
If you’re considering a prenuptial agreement, you may be wondering: how much does it cost to get a prenup? In Australia, the cost typically ranges between $2,500 to $5,000 per person for a straightforward agreement. More complex agreements involving significant assets, businesses, or trusts may push the cost above $10,000. The final price can vary […]
Alimony Prenup: 7-Point Comprehensive Guide
If you’re wondering what an alimony prenup is, it’s a prenuptial agreement that outlines whether spousal maintenance (also known as alimony) will be paid in the event of separation or divorce. In Australia, you can include specific terms about spousal support in a Binding Financial Agreement (BFA), which serves the same purpose as a prenup. […]
Cheap Binding Financial Agreement: Is It Worth the Risk?
A binding financial agreement (BFA) is a legal contract that allows couples to decide how their assets and finances will be divided if their relationship ends. Many people look for low-cost options to save money, but is a cheap BFA legally valid? The short answer is yes—if it meets strict legal requirements. However, cutting corners […]
BFA Cost in Australia: How Much Should You Expect to Pay?
A Binding Financial Agreement (BFA) is a legal contract that outlines how assets and finances will be divided between partners in case of separation. Many couples choose a BFA to protect their financial interests, whether before, during, or after a relationship. One of the most common concerns is the BFA cost–how much does it actually […]