Dev Raga Personal Finance

208 what is a prenuptial or binding financial agreement?

Feb 2, 2022

27:14

Today's episode is inspired by this listener question: Is a prenup something I should consider before getting married? How long before marriage should I start thinking about it and what are the pros and cons? My income will likely be significantly higher than my partner's and I'm wondering how to have the conversation. Dev unpacks what a binding financial agreement aka prenup, entails including:

👉what happens without a prenup?

👉🏼the pros and cons

👉🏾conditions of prenup

👉🏿when is a prenup useful?

👉🏻can a judge throw out a prenup?

The sections of the Family Law legislation mentioned in the chat were Section 90B - 90KA relating to marriage and Section 90UA - 90UN relating to de facto relationships. You can read these on the Australian Govt website here: https://www.legislation.gov.au/Details/C2019C00101/Html/Volume_2

Episode transcripts: https://bit.ly/m3meptranscripts

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