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Couples living together in Western Australia deserve the security of a mutually agreed contract in writing for their own protection.
In the event of a breakdown in the relationship or the death of a partner, a Financial Agreement (also known as a Cohabitation agreement) will help to clarify respective property rights, financial commitments and the liabilities arising from joint tenancy. Here, the rights and obligations of the parties can be spelled out in plain English eliminating the burden of uncertainty.
The financial agreement states that property owned by each of the parties before the execution of the agreement, shall
remain the property of that party. Debts are treated in similar same manner.
In the event the parties separate the document sets out how property acquired jointly should be dealt with including gifts.
Cohabitation Agreements are agreements made between people who are living together or intending to live together but not intending to get married.
Couples intending to get married should define their relationship with a Prenuptial Agreement.
The WA legislation (The Family Court Act 1997) applies to de facto relationships, irrespective of gender.
Meaning this agreement is suitable for both heterosexual and same-sex couples.
When establishing your Financial Agreement it’s sensible to give some thought to effecting a legal Will, that’s why we’ve included a bonus Will Kit.
Important note: The Family Court Act 1997 requires each party to receive independent legal advice before signing the agreement. This ensures both parties fully comprehend their rights before entering the agreement and prevents misunderstandings.
Our financial agreement review service allows you satify the legal advice component of your agreement at a fraction of the usual cost.
This video shows you how the Document Review Service works – Obtain the required Legal Advice component of your Financial Agreement at a low fixed price.
Our financial agreement review service is available as an option with this agreement.
The Agreement was exactly what I was looking for – simple and concise. Chris H. Sheldon
Your financial agreement kit includes a comprehensive manual that explains the law as it applies to this agreement. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete your agreement in detail. In addition, it contains alternative legal clauses and provisions you can use to personalise your agreement.
Our fully secured ecommerce system allows you to purchase and download your Financial Agreement safely. In just a few minutes you can have everything you need to protect your relationship, freeing you to concentrate on more romantic activities.
