You web browser may not be properly supported. To use this site and all its features we recommend using the latest versions of Chrome, Safari or Firefox


When speaking with couples who are separating, more often than not, money is cited as the heart of their marital problems.

After the holidays, families are often under a lot of financial pressure and it all adds up.

It should come as no surprise then that a recent survey found that the majority of Australian households admit they don’t have a budget. However, this type of ad hoc approach to family finances could be creating unnecessary pressures on relationships.

The research, conducted by Slater and Gordon, also revealed that just over one quarter of respondents shared bank accounts with their partner, or revealed their financial situation before they committed to a marriage or de facto relationship.

The failure to share financial information early on is likely to contribute to feelings of financial insecurity and can strike at the core of many terminal relationships.

However, having a rough idea of your partner’s spending habits before tying the knot simply isn’t enough to ensure a trouble-free future.

Couples should be open with each other about their individual financial situation as early as possible in the relationship.

Some people may decide that a prenuptial or financial agreement works best for them, particularly when one person has more property and assets, or may become entitled to an inheritance or gift down the track.

Getting on the same financial page from the start can help avoid difficulties and disagreements down the track.

The contents of this blog post are considered accurate as at the date of publication. However the applicable laws may be subject to change, thereby affecting the accuracy of the article. The information contained in this blog post is of a general nature only and is not specific to anyone’s personal circumstances. Please seek legal advice before acting on any of the information contained in this post.

Thank you for your feedback.

Related blog posts

Family Law
Is your inheritance protected?

Once you have made the choice to separate, it is likely you have started the difficult process of deciding how to divide your assets. For most people, this process begins with a ‘yours’ and ‘mine’ approach, whereby you separate assets into certain baskets depending on who they belong to. Regardless of your process, it is vital at this stage to receive legal advice to ascertain exactly what it is you are entitled to. It is possible what you want, and what you are entitled to, may be two very different realities. The Family Law Act gives the family courts broad discretion to make orders in relation to financial cases, including orders for dividing assets between parties. Whether you...

Istock 476824114 Blog
Family Law
Four key facts you need to know about your property settlement

When a marriage or a de facto relationship ends, the parties need to finalise their financial ties with one another. This may involve the transfer of ownership of real estate, cash, superannuation or other property from one party to another. For example, if the matrimonial home is in joint names the parties may agree that the house be sold and the proceeds divided. Alternatively, the parties may agree that one party receives the house and makes a cash payment of some nature to the other party to ‘buy out’ their interest. When you are separating, it is important to get legal advice from a Solicitor specialising in family law, in order to determine your entitlements. Any agreement reached...

105625090 Blog
Family Law
Can I change the locks?

“Can I change the locks?” – This must be one of the most common questions addressed by any family lawyer. The simple answer to whether a party going through separation can change the locks on a property they are living in is usually “yes”. If there is no court order which affects that person’s right to occupy the property, then in most circumstances there is little prohibiting a party from changing the locks. However the position can differ slightly depending on, which party legally owns the property. Where the property is owned by both parties Where the property is owned by one party Where the property is leased to you In all circumstances Perhaps the question asked should not...

Istock 475237296 Blog

We're here to help

Start your online claim check now. Or, if you have a question, get in touch with our team.