Binding Financial Agreements (Prenups) for De Facto Relationships

Binding Financial Agreements (Prenups) for De Facto Relationships

Are you, a friend or family member in the honeymoon phase of a relationship? Statements and comments such as “we are in love – money does not matter”, “we have agreed, what is mine is mine and what is theirs is theirs” or “we don’t need a...
What Happens to Your Finances When You Get Too Sick?

What Happens to Your Finances When You Get Too Sick?

Administering others finances or having someone take care of your own is a difficult decision to make when you are currently well. You may have organised an Enduring Power of Attorney. This is a document in which you appoint one or more persons to look after your...
Interfamily Loans- When is it a gift and when is it a loan?

Interfamily Loans- When is it a gift and when is it a loan?

As a result of the Royal Commission into banking a few years ago, the banks tightened their lending to customers. Since this time, we have seen a rise in the number of parents lending money to their children to assist their children with the purchase of real estate...
Shareholder Agreements – Do I need one?

Shareholder Agreements – Do I need one?

Shareholder Agreements – do I need one? You may be starting a new business or have already commenced operations and wish to formalise the relationship between the respective business owners. If you use or intend to use a company structure to own and operate your...
‘Binding’ Financial Agreements – Why They Might Not Be So Binding

‘Binding’ Financial Agreements – Why They Might Not Be So Binding

In recent times, we have seen more couples inquire about entering into pre-nuptial agreements before they take the big leap into marriage. These pre-nuptial agreements are colloquially known as “Binding Financial Agreements” or “BFAs” for short. DID YOU KNOW? BFA’s...