De Facto Financial Agreements Penrith Area

‘Financial Agreements’ or ‘Domestic Relationship Agreements’ cover people such as de facto couples or people entering into a Domestic Relationship (who are either a de facto couple or two adult persons whether or not related by family who are living together and who provide domestic support and personal care and also includes same sex couples). Since March of 2009 de facto relationships, that is, people living in a genuine domestic relationship may enter into Financial Agreements under the Family Law Act. Those persons who are in a ‘Domestic Relationship’ may need to enter into an Agreement under the New South Wales Property (Relationships) Act.

These Agreements are made in contemplation of parties entering into a De Facto Relationship or Domestic Relationship relating to their financial matters. It will include property of the parties and financial resources of the parties and, in the event that the relationship ends, how the property and financial resources of the parties will be treated.

Yes. In order for there to be a valid Agreement, each of the parties will need to obtain independent legal advice in relation to the Agreement. The legal advisors will sign Certificates of Independent Advice, confirming that advice has been given in relation to the Agreement.