208 what is a prenuptial or binding financial agreement?

Today's episode is inspired by this listener question: Is a prenup something I should consider before getting married? How long before marriage should I start thinking about it and what are the pros and cons? My income will likely be significantly higher than my partner's and I'm wondering how to have the conversation. Dev unpacks what a binding financial agreement aka prenup, entails including:👉what happens without a prenup?👉🏼the pros and cons👉🏾conditions of prenup👉🏿when is a prenup useful?👉🏻can a judge throw out a prenup?The sections of the Family Law legislation mentioned in the chat were Section 90B - 90KA relating to marriage and Section 90UA - 90UN relating to de facto relationships. You can read these on the Australian Govt website here: https://www.legislation.gov.au/Details/C2019C00101/Html/Volume_2Episode transcripts: https://bit.ly/m3meptranscriptsmy millennial money medical is hosted by Dev Raga.🛑 Please read the disclaimer at mymillennial.money before listening to this episode.Need help with budgeting? Check out The Glen James Spending Plan and use coupon code "m3m" to save $20.Are you a healthcare professional? Join our Facebook community!Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf Hosted on Acast. See acast.com/privacy for more information.

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