My partner and I are looking at buying our first IP after 3.5 years together, at the age of 21.
My concern is that we are in very different situations financially, with me being employed full time for the last 2 years and having a good amount of savings and having been fully supporting my partner for the last 2 years. While my partner has just graduated uni and just got into work, with a big student loan to go with it.
I am wondering if there is any way that we can legally establish an agreement of the fact that I would be making a far greater contribution than my partner would be, so that if we split up she could not claim 50% of all my assets.
The relationship property act is a minefield for young people who enter relationships in their teens! We usually are not aware of its implications until a few years have passed and it is too late to do anything about it!
My concern is that we are in very different situations financially, with me being employed full time for the last 2 years and having a good amount of savings and having been fully supporting my partner for the last 2 years. While my partner has just graduated uni and just got into work, with a big student loan to go with it.
I am wondering if there is any way that we can legally establish an agreement of the fact that I would be making a far greater contribution than my partner would be, so that if we split up she could not claim 50% of all my assets.
The relationship property act is a minefield for young people who enter relationships in their teens! We usually are not aware of its implications until a few years have passed and it is too late to do anything about it!
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