Document background
The Pre Marriage Agreement is a crucial legal document used in New Zealand by couples planning to marry who wish to establish clear arrangements regarding their property rights and financial affairs. This agreement, also known as a prenuptial agreement or contracting out agreement, is specifically authorized under Section 21 of the Property (Relationships) Act 1976. It allows couples to opt out of the default property division rules that would otherwise apply under New Zealand law. The document typically includes comprehensive details about each party's assets and liabilities, provisions for future property acquisition, treatment of inheritance and gifts, and arrangements for business interests and family trusts. To be legally valid, both parties must receive independent legal advice, and their respective lawyers must certify the agreement. The document is particularly important for individuals with significant assets, business interests, expected inheritances, or those entering subsequent marriages.
