What is a relationship property agreement?
Relationship property agreements, also known as pre-nuptial agreements or prenups, can be an effective way of defining and retaining control over assets and income within a happy relationship, and in the event that a relationship breaks down.
An effective agreement dealing with relationship property can be useful in defining exactly what property (land and asset types) belongs to which person.
Preparing a relationship property agreement
In New Zealand, the law that applies to relationship property agreements is clearly defined. Any relationship property, or prenup agreement must be in writing, both parties must receive independent legal advice and the agreement needs to be certified by a lawyer.
It is also important to update any relationship pproperty agreement from time to time. An agreement made at the beginning of a relationship may no longer meet your needs several years down the track. When buying or selling land, buildings or businesses, consider whether preparing a relationship property agreement or updating your current agreement may be of benefit to you.
Not sure whether you need a relationship property agreement?
If you need assistance in working out if a relationship agreement would assist you, Make an enquiry online or ring us and one of our experienced team will be pleased to help you.
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