Settling down is an exciting step. Whether that means moving in together, getting married, or combining your lives in a more permanent way, it’s often a time focused on the future – building a home, making plans, and creating something together.
It’s also a point where a few important decisions can have a long-term impact, even if they’re not always front of mind.
At Peter Fisher Lawyers, our role is to help bring clarity to those decisions early, so things are set up properly from the beginning.
What To Think About Early On
When two lives come together, so do finances, assets and responsibilities.
While every situation is different, it’s worth taking the time to consider:
- How finances will be managed, whether jointly or separately
- Existing assets, debts or financial commitments
- What happens if circumstances change in the future
- How major decisions will be made
- How a relationship is legally defined
- Whether both parties are protected if the relationship ends
These conversations aren’t always easy, but having them early can prevent uncertainty later.
Putting Things in Place
There are several ways to formalise and protect these arrangements. One option is a Binding Financial Agreement (often referred to as a BFA), which sets out how assets and finances would be handled if the relationship were to end.
Depending on the situation, it may also be important to consider:
- Updating or creating a will
- Reviewing superannuation beneficiaries
- Establishing powers of attorney
- Structuring ownership of property or other assets
Putting these things in place doesn’t mean you’re expecting the worst – it simply provides clarity and certainty for both parties.
How We Help
Support at this stage is about making things clear and practical, without overcomplicating the process.
At Peter Fisher Lawyers, this can include:
- Helping identify what should be considered based on your circumstances
- Preparing Binding Financial Agreements where appropriate
- Assisting with wills and broader estate planning
- Advising on asset ownership and structure
- Working alongside accountants and financial advisers where needed
Our focus is on setting things up in a way that reflects both parties’ intentions and avoids uncertainty down the track.
Related Situations
Settling down often connects to other stages in life, including:
Related Insights
For more detail on specific aspects of planning and relationships, see our articles below:
Taking the Next Step
If you’re planning the next step in your relationship and want to make sure everything is set up clearly, support is available to guide you through the process.