Should you get a “pre-nuptial” agreement?

Oct 2, 2019 11:07:00 AM

It’s not uncommon for couples to contribute different amounts when buying their first family home. Under New Zealand law, once a couple has been living together for three years or more, they are subject to the Property (Relationships) Act, which states that assets are shared equally regardless of how much each person initially contributed. A “pre-nup”– or a Contracting Out Agreement – is a way to preserve respective contributions in the event of a separation or divorce.

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Topics: Buying, NZ Finance, NZ Mortgage Adviser, Home Loan Advice, Contracting Out Agreement, Pre-nuptial