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What property is relevant?

My partner and I have already been living together for 3 years. We are planning to have children. I will shortly receive a substantial inheritance. If we enter a BFA should we state our property from 3 years ago or now?
Asked in Newcastle - Newcastle and Lake Macquarie, NSW, 13-11-2015
1 Lawyer Answered
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  1. Binding Financial Agreements
Lawyer Answers (1): Answers from lawyers are general preliminary responses. They are not formal legal advice and cannot taken account of all your circumstances. They do not create a lawyer–client relationship.

 

Answer by Penelope Stevens of Faraday Law, Brisbane 4000 Qld

  • You should do both.
  • The BFA should ensure you both agree on:
    • the current financial position;
    • how you got there; and
    • your desire to formalise your intentions for the future.

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