Did you know that Millennials are actually the generation most likely to tie the knot?

But before you do, you should probably discuss a binding financial agreement.

The Family Law Act 1975 and Family Court Act 1997 in WA allows those entering or in a marriage, or de facto relationship, to enter into a binding financial agreement. Colloquially known as a prenuptial agreement.

Now this may sound scary and a case of planning for the worst, but let me assure you, it’s well worth discussing such matters as a separation while you still like each other – and hope you never have to enact it.

A binding financial agreement is essential to protect your assets, business investments and financial matters and allows each party the foreknowledge of rights and responsibilities in the event of a relationship breakdown.

For this to be a valid and legally binding document, both parties must obtain professional legal advice.

If you’re getting married, currently married or in de facto relationship and want to discuss a binding financial agreement, please contact me today.