Binding Financial Agreements
Are the right for you?
At Equilaw, we help protect our clients’ financial interests in relationships. A Binding Financial Agreement (BFA) can provide financial clarity and security, but is it the right option for your circumstances?
What is a BFA?
A Binding Financial Agreement is a legally binding contract which outlines the intended division of property and/or assets should two people separate.
Who can enter a BFA?
A Binding Financial Agreement may be entered before, during, or after separation of a marriage. A Binding Financial Agreement may also be entered before the commencement, during or at the conclusion of a de facto relationship. This is in accordance with the Family Law Act 1975. It is important to note, however, a Binding Financial Agreement has strict legal requirements to be met, such as independent legal advice being provided to the parties involved.
How Our Solicitors Can Help
Equilaw drafts, reviews, and advises on Binding Financial Agreements to ensure that they are legally sound and protect your interests. Should you be considering entering a Binding Financial Agreement, contact our office for expert legal advice on 02 6542 5566.
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You should obtain professional advice before you undertake any course of action.
