These days, de facto couples have effectively the same legal rights and remedies as married couples. This is might not sound particularly important, however if you're in a de facto relationship and you and your partner choose to go your separate ways, your relationship status can potentially have a major impact on your finances when it comes to dividing your assets and working out who gets what.

In this 1 minute video, Family and Relationship Law partner, Craig Henderson, talks about why it's important to be aware of your relationship status.

Click here to view video.