With the recent high-profile and high-profile divorce of Amazon CEO Jeff Bezos and acclaimed novelist Mackenzie Bezos, who will question the $140 billion joint fortune, the issue of marital contracts is back in the news. The idea of discussing the fall of your marriage before it has even begun may make the simple concept of marriage contracts a diversion for some. But when you consider that McCrindle researchers estimate that one in three Australian marriages will end in divorce in 2019, Kanye West exclaims: „We want Prenup! We want Prenup! ” may apply to some Australian couples. This agreement covers a wide range of possible outcomes and also addresses many issues that need to be agreed upon during your marriage. Parties who have received significant assets and want to quarantine them or manage them in some way when they separate from their partner may also find it helpful to enter into a marriage contract. The agreement may only cover this single asset or cover the entire ownership of the parties. It depends on the specific situation. While none of us are home to the wealth of an Amazon CEO and may not be involved in such a consensual divorce, the latest news is a reminder of the intricacies, difficulties, and emotional weight of marriage contracts in Australia. Katherine: Laws can be amended or repealed; Parliament could make changes to existing legislation on prenups, which would enter into force retroactively, and the effects and feasibility of prenups could be undermined by decisions of the family court.
As a result, there is some uncertainty as to the effectiveness of a prenup compared to the law that may apply in the future. The parties could now get a prenup to find that the law changed when their relationship collapses (if it collapses) and that the agreement may no longer have the effect they intended to have. Katherine: A binding financial agreement („the Prenup”) must be signed in writing and signed by the people who enter the Prenup. . . .