Thinking about a Prenuptial Agreement Here is What You Need to Know A prenuptial agreement, known in Australia as a Binding Financial Agreement, is one of the most practical steps a couple can take before marriage. It sets out how assets and finances will be handled if the relationship ends, removing uncertainty and preventing costly disputes later. We advise clients across on prenuptial agreement lawyer in Dandenong pre nuptial agreements and binding financial agreements that are properly drafted and legally enforceable. A poorly prepared agreement can be set aside entirely when it matters most, so getting this right from the start is essential. Who should consider one Pr enuptial agreements are worth considering for anyone entering a marriage who has assets to protect, children from a previous relationship, a family business or an inheritance they want to keep separate. They can also significantly reduce conflict if the re lationship does break down. Speak with us before the wedding The time to put this in place is before the marriage, not after. Call us on 03 9793 7888 for a free 15 - minute consultation. FAQ Are prenuptial agreements legally binding in Australia? Yes, but only if they meet strict requirements under the Family Law Act. Both parties must receive independent legal advice before signing, the agreement must be in writing and signed by both parties. If these requirements are not met, the agreement can be set asid e by a court. This is why experienced legal advice when preparing a binding financial agreement is so important. Can we set up a financial agreement after we are already married? Yes. A Binding Financial Agreement can be entered into before marriage, durin g the marriage or after separation. Each has slightly different requirements. If you are already married and want to formalise how your finances would be dealt with in the event of a separation, we can advise you on the right type of agreement for your sit uation.