A binding financial agreement is a legal contract which outlines a couple's assets and the potential division of these assets and liabilities in case of separation or divorce. This agreement is commonly known as a prenuptial agreement because it is drafted prior to the wedding. However, the financial agreement can be drafted during and after the marriage. It is more favourable to prepare the document before to avoid unnecessary complications. Here are practical tips to help you navigate the preparation of a binding financial agreement.
30 June 2018
It can be scary and disheartening to purchase a baby product only for it to affect the health of your baby. This could be a food product such as defective baby formula, a crib mobile that fell on your child in their sleep or even a toy that was poorly made with small removable parts that almost choked the baby. Whichever the case, such an issue should not be thrown under the rug.
18 May 2018
Contracts can be beneficial because they ensure that your agreements with investors, partners and customers are official. If the other party goes against your agreement, you can minimise the financial losses by using the formal contract to proof the existence of the deal. Unfortunately, a contract can also put your business at a disadvantage. Simply speaking, you might sign a disadvantageous document or become trapped in an unfavourable business relationship. If you abandon the deal without a plan, you could expose your business to high losses.
6 April 2018
Did you know that someone can become an heir to your property when you didn't intend it to happen? Read on and discover some of the situations under which unexpected heirs may arise. Use this information to reexamine your estate plan to ascertain that your property will be distributed in accordance with your wishes in case you pass on. Involvement in Testator Death A probate court may assign some or all of your property to an unexpected heir if the individual that you had named as your heir takes part in causing your death.
26 February 2018
Work related injuries are unfortunate occurrences than can leave you damaged physically, emotionally and even financially. If you have suffered a work-related injury, you should consider looking into getting one of the many workers compensation lawyers available to represent your interests. What sort of help will you get from a workers compensation lawyer? Workers compensation lawyers can be of great advantage in your compensation claim. Some of these advantages include the following.
22 January 2018
Considering the process that is involved in properly writing and constantly updating your will, you may be wondering if it is really necessary to have one in the first place. Many people tend to carefully organize their property and keep their loved ones involved and aware of all their transactions. This may make them skeptical of dealing with the whole process of having a will. However, the importance of a will cannot be overemphasized.
18 December 2017
It's often difficult to come to an amicable agreement when trying to split various items of property during divorce proceedings. Certainly money and value can affect the mind, and two people who would otherwise consider themselves to be very reasonable may not be able to see eye to eye. When matters get in front of an Australian court, how do the judges determine "who will get what" during property settlement?
8 November 2017