Prenuptial Agreement In Australia: A Guide For Marriage Plans

Australia is among the urbanized countries with 22, 906, 355 citizens that also legally recognize the prenuptial or premarital agreement. As according to the FLA ( Family Act Law) of 1975, a pre-nuptial agreement is the common phrase used for an agreement before marriage and a couple may enter in this agreement right before, throughout and right after marriage. Prenuptial agreement in Australia is named "binding financial agreements," and became enforceable in Australia in 2000 having the enactment of the Family Law Amendment Act 2000. Research by wedding website theknot.com.au, found that 14 percent of engaged couples signed prenups, all, in the reason of safeguarding assets, maintaining their relationship and if ends in a divorce there is no need to go to the court to fix things.

What are the requirements? Are you going to depend through this kind of agreement to get a successful union? Is this really the answer to the increasing issue of broken families? How about thinking about your kids? Why engage in this agreement when you are undecided of your spouse? Doesn't love matter anymore? Through this, terms and condition must be in writing, it must contain the voluntary agreement and signed by both sides, carry out full or fair disclosure at the time of implementation. This is null and void may if there is fraud, or made threatened by or by just an oversight.

In some cases, this is applicable to those; whose partner is much richer than the other, the man or woman is paid greater than (her/his) partner, when a person is re-marrying, whose partner has high debts load, a partner who has owned business or heirloom, steer clear of over turning your estate plan, whose partner is much poorer, plus a plan to quit to a job and raise children.

Assessment between Marriage and Prenuptial: Marriage is an agreement united with love, charity, sacrifices, without any property and assets involved and most of all ruled by the law God, while premarital agreement eliminate feelings, introduce practicality, independence of each party, rationalism and bound by law of man. As compared to divorce, considered less bitterness and less stressful to couples because from the start terms and condition are being tendered.

Others think that this kind of relationship not general in a man and woman especially for the conservative type of family. People as asking if this is applied only for rich and famous? No, as the study shows , as long as the individual unite themselves in “binding financial agreement” they can be in this kind of conformity. This can be a trial and error type of relationship we don’t know what is going to be the end but one fact that a couple cannot be avoided are the effect on children if it ends up in separation another broken family is made, another lonely child is added in the society longing to have good family. Culture really affect the personality what he / she may be come and what kind of person he/ she maybe.

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