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Nadia McLeod from RPMRE Legal Kits discusses prenuptial agreements (prenups), which are contracts between two parties intending to marry, outlining property and asset division in case of relationship breakdown. In Australia, these agreements are referred to as Binding Financial Agreements (BFAs) and can be created at any relationship stage, including after separation and for de facto relationships. To be valid and binding, a prenup must comply with section 90G of the Family Law Act. It's important for a prenup to include relevant information about both parties, their assets, and the division plans in the event of divorce. A local lawyer typically drafts the agreement.