Binding Financial Agreements also known as pre-nuptial agreements can be used for married couples or de facto relationships. They are agreements for property settlement after separation or in anticipation of separation.
There are three stages where a BFA can be used:
A binding financial agreement can also include provisions for spousal maintenance.
Binding Financial Agreements have strict requirements that must be adhered to including that both parties obtain independent legal advice and lawyers have to be very careful when preparing Binding Financial Agreements to ensure that they comply with the rules set out in the Family Law Act 1975.
Contact us today to discuss Binding Financial Agreements and how this document could be altered to suit you and your family.