After a relationship separation and division of assets, many people are reluctant to start afresh with someone new for fear they may be compromising their future financial security.
If you are dating, but living separately from your partner, you are less likely to be considered a de facto couple.
This could change, however, should either party make substantial financial or other contributions to the relationship, such as renovation work to a property.
Once you have lived together with your partner for two years (not necessarily continuously), you are in a de facto relationship.
You may also be considered to have been in a de facto relationship if you have lived with your partner for less than two years but there is an exceptional circumstance such as having a child together.
It is never too late to discuss future financial arrangements and agree appropriate financial adjustment to be applied only in the event of any future separation.
Our team of expert family lawyers prepare and provides advice in relation to these types of Financial Agreements which are also referred to as a “prenup”, or “binding financial agreements”.
Liz Catton, Director, Accredited Family Law Specialist, Catton & Tondelstrand Lawyers, Kon-Tiki Business Centre Tower 1, Level 3, Suite 315, 55 Plaza Parade, Maroochydore, 5609 4933, ctlawyers.com.au.
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