Financial Agreement for Separating Couples in W.A.
Use this Financial Agreement is you live in Western Australia and you're separating from your defacto partner.
It’s never easy to end a long term de facto relationship and there is often much emotional and financial fallout as the couple negotiate the separation process.
Even though de facto couples are not required by law to formally document the end of the relationship, it’s a good idea to tie up loose ends. If you don’t put your arrangements in writing, you can leave the door wide open for either party to make a future application to the Family Court for financial orders, essentially taking a second bite of the cherry.
What if we’re still living under the same roof?
It’s useful to know (especially in these tough financial times) that even though most separated couples live apart in separate residences, the Act does provide for a couple to be classed as separated whilst still living together under the one roof. This means you can settle property matters quickly and move on, without worrying about what might happen in the future.
Be in Control of the Process
A Binding Financial Agreement, is a simple and convenient way to formalise the end of a de facto relationship, at least from a financial perspective.
It allows you to document what you think would be a fair and reasonable property settlement instead of leaving that decision up to the courts.
Our Property settlement kit deals with all the usual issues you may face when dividing financial resources, such as ownership of real estate, personal property (cars, furniture, etc), superannuation entitlements, shares, debt, spousal maintenance etc.
Matters relating to children are best resolved by mutual agreement in separate documents, such as a Parenting Plan or Child Support Agreement. We explain why in these FAQ’s.
Some of these issues may seem a little daunting at first, but given the right template to start, some sample clauses and a little guidance, you will be surprised how straight forward it actually is.
Common property settlement issues include:
- whether one party will pay financial support (spousal maintenance) to the other, which would be in addition to child support;
- how to deal with savings, share portfolios, and other investments;
- how to deal with future windfalls or an inheritance;
- how to determine who retains ownership of furniture and household goods if agreement cannot be reached;
- clarifying who is responsible for certain debts or liabilities;
- clarifying ownership or control of family businesses, companies and trust accounts.
This Video explains how our system works
Easy to Use Defacto Separation Agreement Kit
The Kit includes everything you need to draft a binding Separation Agreement PLUS it gives you access to the Fixed price Legal Advice that you must obtain to finalise your Agreement.
Buy Separation Agreement for Western Australia $147 – Instant Download
At $147 Our Separation Property Settlement Kit includes:
Why do you need to get Legal Advice?
You need to get legal advice before a financial agreement becomes legally binding because it is required under the Family Law Act.
The Legal Advice acts as your safety net to ensure you understand your rights and how the agreement affects you.
We can help you meet this requirement without spending a small fortune in legal fees. The combined kit and Legal Review Service covers both of you (in the vast majority of cases) for a fixed price of $3,397 – a fraction of what you’d pay engaging two separate law firms from scratch.
Excerpt from Separation Agreement
Sample 1 of the separation agreement. The grey boxes indicate where you add your personal information.
Buy Separation Agreement for Western Australia $147 – Instant Download