Ph: (08) 9386 5200

 

ENQUIRIES@BUTLERS.COM.AU

Slider

Butlers News

All data and information provided on this site is for informational purposes only. The Butlers Blog makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site & will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.

Financial Agreements – what’s the position now

The long awaited decision in Thorne & Kennedy has today been delivered by the High Court.

Background

The case concerned Ms Thorne an Eastern European woman living in the Middle East who, at 36 met Mr Kennedy, 67, online. Mr Kennedy was estimated to have personal wealth of between $18 million and $24 million.

They embarked on a relationship, with Ms Thorne moving to Australia to marry Mr Kennedy having been told that she would “have to sign paper”. Ms Thorne bought no assets with her.

Continue reading
22
  4227 Hits
4227 Hits

Will your son/daughter in-law take your family legacy?

Most of us are at least vaguely familiar with the concept of pre-nups, with American celebrity culture it is all too common to hear about a couple splitting up and Popstar X being crazy for not having one, or about how B-list actor Y is applying to a Court to overturn the pre-nup.

In Australia our Family Law Act allows for parties to enter into their own private agreements about asset division if a marriage or relationship ends, called Financial Agreements. Couples can enter into these Agreements before marrying or entering into a de facto relationship, during the marriage or relationship and even once it has come to an end. So pre-nups, post-nups and just plain nups perhaps?

Continue reading
25
  4929 Hits
4929 Hits

The To Do's Before the I Do's

THE TO DO’S BEFORE THE I DO’S

Marriage is about more than just the loving union of two people—it’s also about the union of financial assets and liabilities, and families. Or, as some like to say, it’s about halving your rights and doubling your duties.

There are good reasons why you should consider signing a Financial Agreement before you marry or commit yourself to a de-facto relationship. However, not everyone needs a Financial Agreement. Quite apart from the legal issues (which you can discuss with a solicitor), the answer to this question will depend on a number of practical considerations, as follows:

Continue reading
35
  6588 Hits
6588 Hits

Callback form

Provide us with your phone number

Callback form

Your callback has been sent sucessfully