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
19
  1502 Hits
1502 Hits

Why bother with a Financial Agreement?

Picture this…. you’re invited to speak on a local radio station about nuptial agreements following a recent government paper seeking to establish the key principals of such agreements for, not only the legal profession, but also the public. This is your first radio interview and so, you spend the evening ensuring you are familiar with the paper and the proposed plans. You’re introduced to the audience, and during that introduction the presenter summarises almost everything you read the night before. His first question to you…..”these agreements….you’re married….do you have one?”.

Continue reading
12
  1721 Hits
1721 Hits