The Family Law Act divides binding financial agreements, rather prosaically, into financial agreements materializing before, during and after marriage. The primary of these is more in modern language known as the prenuptial agreement. Prenuptial agreements tend to be thought to be the only acumen of multi-millionaires looking to secure their fortune from gold-diggers. But of course, it can do just that: there’s little reason to warrant giving away half of the possessions you owned prior to the marriage. The truth, on the other hand, is that prenuptial agreements can be a sensible and prudent investment for both parties. After all, in the miserable situation your marriage fails, would you rather the discussion about the splitting of your resources occur when you both love each other, or afterwards? Consequently, the prenuptial agreement helps you both to secure the exact property (whether real or private) that you most value. It’s also possible to use it to know how the two of you will be covered following the marriage: whether assistance is to be given, and the amount. Or, it could interest who gets the family pet, since it’s difficult to split a dog. Basically, the prenuptial agreement prevents either party signing up to the Family Court over a topic that the agreement addresses. This minimizes legal fees, court fees and your valuable time.