If you've already agreed on a settlement deal with your former partner, you need to record your understanding in a legally binding document.
That gives you both certainty and protection for the future. Without a legally binding agreement, one of you could change your mind in the future and seek more money from the other.
So you can think of a legally binding settlement like insurance - a small amount you spend now to prevent a disaster down the track.
Legal documents are also required if your intended deal involves a superannuation transfer between you. And in most cases, they allow property transfers between you to be exempted from stamp duty.
Do a quick check right now
Most former couples formalise their settlement arrangements through "Consent Orders". That's the easiest, least expensive and safest way to protect yourself.
You can read more about why Consent Orders are the smartest option by clicking here.
If you like, take 2 minutes to run through an interactive Q&A to see whether your deal is suitable for Consent Orders:
You probably have questions and we'd be happy to help you understand more about how Consent Orders work and the process we use to get them prepared. So send an enquiry or book a chat.