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11 January 2010

Discussing article: "Pre-nup changes a boon for lawyers"

ABS figures show that about 40% of marriages in Australia can be expected to end in divorce. This is a touchy subject for many people, but it's certainly worth understanding the impacts of a divorce and what's likely to happen to your assets and income.

This is particularly the case for partners with very uneven financial contributions to a relationship. If you've developed a portfolio with 30 properties prior to meeting someone, is it worth putting an agreement in place to protect your wealth accumulation?

Although recent changes to pre-nup laws make it easier and more enforceable, the courts still have the final say. This means agreements won't always hold up, but they can help.

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