A Financial Agreement sets out how property will be divided after the breakdown of a relationship, and can be made before, during or after a marriage or a de facto relationship.
Financial Agreements prevent the courts from becoming involved in a property distribution (except to overturn the agreement if it is not done properly, or to deal with property that has not been included in the agreement).
These agreements are powerful, complicated documents and they can be expensive to draft and finalise. There are strict legal requirements that must be complied with for a Financial Agreement to be binding and enforceable in the Family Courts.