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Legal practitioners in Australia who draft financial agreements before (s 90B; 90UB) or during a marriage or relationship (s 90C; 90UC) have a high risk of being guilty of professional negligence. Vigilance, protocols and expertise only reduce the risk; it is never eliminated. That is why a number of experienced and smart family lawyers in Australia will never draft pre-nuptial (s 90B; 90UB) or “during relationship” agreements. They send their clients to more naïve or risk-taking lawyers. In each case, the professional negligence and ineffective agreements lie dormant and hidden like hand grenades. The agreements will explode over say the 30 years which follow signing – either upon the separation of the
signatory spouses, or the death of one, or a dramatic change of circumstances for better or worse of one of the spouses.
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Categories: Co-habitation Agreement, Post-Nuptial Agreement, Pre-Nuptial Agreement
Tags: binding financial agreements, divorce, family law, financial agreement, Legal practitioners, negligence, pre-nuptial, professional negligence