There are many reasons couples get a separation agreement but here are the top four common reasons we get approached for our service.
The Law Commission has recommended continued support for pre-nups in any legislative change. Relationships fail and a third of marriages end in separation. Going to court is notoriously slow and expensive.
There is one thing that comes to mind when I hear the word prenup: sensible, but awkward. It would be the sensible thing to do, but so would not buying brunch every weekend. So why?
Can you still keep, or get rid of, your family home or investment properties after you separate? Of course!
The cost of getting a Separation Agreement (or Contracting Out Agreement for that matter) is not expensive. Certainly, it is less expensive than going to the Family Court for an order to divide up your relationship property. If you are in a de facto relationship, you effectively have the option of an informal separation through […]
When you separate, your relationship property assets are equally divided. This is in the Property (Relationships) Act 1976 (“The Act”). To familiarise yourself with the fundamentals of the Act, refer to our article here S 11 of the Act states that each spouse is entitled to equal shares in the: Family Home Family Chattels (e.g. […]
What are trusts and how do they apply to relationship property? Firstly, even if you established the Trust, but your partner contributed to the assets, the Trust will not necessarily be separate property. This is true even if a third party established the Trust. To clarify, this means that Trusts are not an absolute protection […]
It is becoming increasingly more common for long distance relationships to be the norm where partners may be based overseas. Consequently, many have assets overseas, and may be curious as to how the law handles the division of relationship property.
The Property Relationships Act (the ‘Act’) allows couples to “opt out” of the “normal rules”. These rules detail how the Family Court might divvy up your shared relationship property. Do this through a contracting out agreement. By making an agreement, you and your partner can govern who owns what and how you will divide up […]
What is a Prenup? This question is frequently asked by couples, wondering whether they should get a prenup agreement. Depending on your situation, we think this is a good idea. Recently this was the topic of a NZ Herald article, showing more and more couples consider this normal. First of all, a prenup enables partners to […]