Trust Law & wealth protection
Reviewing Your Relationship Property Agreement.
Relationship property agreements, also known as Contracting Out Agreements, are a vital legal tool for couples who want to establish their own terms outside the default provisions of New Zealand’s Property (Relationships) Act 1976.
These agreements empower you to define how assets will be divided in the event of separation or death, ensuring a personalised approach that aligns with your wishes.
Expert Knowledge.
When to Review a Contracting Out Agreement:
Key changes in circumstances that may require a review of your contracting out agreement:
- Changes in Relationship Dynamics
You may be planning on having children together and one of you may need to reduce paid work hours to take on more parenting or household duties. - Acquisition of new assets
Ensure major purchases like property are properly accounted for within the agreement. - Income shifts
If one party’s financial contribution increases or decreases, the terms may need adjusting to stay fair.
Failing to review and update your contracting out agreement could have serious consequences. Click the link below to understand the risks.
Expert Team.
Expert Advice.
If you require a review of your relationship property agreement, get in touch with our Trust Law & Wealth Protection Team.
Send us a message with your enquiry and one of us will be in touch.
