Gay couples in WA can make a financial agreement to decide what would happen to their property in the event of a separation.
Recent changes to family law in Australia provide separating de facto couples with much the same rights as married couples.
In light of these changes, it’s surprising that the decision to move in with one’s partner is often made with little consideration to the impact it may have on the property rights of the parties.
Understandably, younger couples with little to lose may not be concerned about who gets what if things don’t work out. But older couples who may have been through a messy divorce or relationship break down will generally approach the subject with a little more caution.
Under the Family Court Act same-sex de facto couples can make a financial agreement that spells out how the partners wish to deal with their property and debts should the relationship come to an end. We liken this agreement to an insurance policy, we hope you never have to use it, but if you need it, you will be glad it’s there.
With this kit and a little guidance from us, you will be amazed how easy it is to save thousands of dollars in legal fees and actually produce an agreement that will comply with section 205ZN of the Family Court Act 1997.
This de facto financial agreement kit has been professionally drafted to suit a gay male couple living together in Western Australia.
