Document background
The Cheap Prenuptial Agreement template is designed for couples in Australia who want to establish clear financial arrangements before marriage while minimizing legal costs. This document, while more affordable than traditional comprehensive prenuptial agreements, still maintains compliance with the Family Law Act 1975 and includes all legally required elements. It's particularly suitable for couples with straightforward financial situations who want basic protection of existing assets and clear guidelines for potential separation. The agreement covers essential elements such as property division, financial maintenance, and separation arrangements, while allowing for customization through optional clauses. It requires independent legal advice for both parties as mandated by Australian law but streamlines other aspects to keep costs manageable. This template is most effectively used when both parties have relatively simple asset structures and are in general agreement about their financial arrangements.
