- Gain an understanding of Binding Financial Agreements.
- Improve your knowledge of the laws governing Binding Financial Agreements before you meet with a Family Lawyer.
- Be aware of the positives and negatives regarding Binding Financial Agreements and what your rights are.
- Fact sheet containing all relevant information to ensure the best outcome for you and your partner.
Binding Financial Agreement Fact Sheet
The Family Law Act 1975 provides for parties to a de facto relationship to enter into a binding legal agreement about the financial arrangements should their de facto relationship break down. A financial agreement outlines the parties' agreement as to their financial arrangements.
A financial Agreement may also include the parties' agreement on other issues such as maintenance, claims on the other party's estate after death and adult child maintenance.
This fact sheet provides you with information on the types of agreements that exist, who can enter into one and when you should. It covers the positives & negatives of BFA’s, how to discuss a BFA with your partner, preparation & whether a BFA can be set aside.