Inheriting Wealth, Not In-Laws: How Parents Safeguard Assets for Their Children Boomers, the wealthiest generation, are increasingly taking proactive steps to ensure their hard-earned assets stay within the family, even after their children marry. Driven by rising divorce rates and “Bank of Mum and Dad” contributions, parents are utilising legal tools like prenups (Binding Financial … Read more
Financial agreements – valid and binding? Section 90B (pre-nuptial) Agreement Pre-nuptial agreements are one form of Financial Agreement parties can sign and which are enforceable under the Family Law Act. It can be challenging and cause stress for couples to broach the subject with each other, as it can appear to put a negative spin … Read more
The Family Law Act 1975 (“the Act”) established a specialist Family Court in Australia. As the Court has developed through infancy to maturity, the fundamentals for dealing with property cases have not changed to any significant degree. Ours is still a discretion-based system where even on an identical set of facts (if such a thing … Read more
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