What is a Binding Financial Agreement ("BFA")?
A BFA is a written agreement that can be entered into by parties to a marriage or de facto relationship either before,
during or after their relationship. A BFA can set out how the assets of the parties are to be divided in the event
of separation, and whether spousal maintenance will be payable.
To be legally binding, a BFA must comply with certain provisions of the Family Law Act.
One of those provisions requires that both parties receive independent legal advice.
Should I do a BFA?
Some couples prefer to have the certainty of how their assets will be dealt with in the event their relationship ends.
Our family lawyers can advise you whether a BFA is appropriate for you.
Can a BFA be terminated?
A BFA can be terminated if both parties agree.
A BFA can be set aside by a court in certain circumstances. If you need advice about whether a BFA you have entered into could be set aside, our family lawyers can assist.
Speak to a lawyer about preparing a Binding Financial Agreement.
Tim Robinson.
Managing and Founding Principal.
Adele Katzew.
Principal.
Richard Bartram.
Special Counsel.
You can get the BFA process started with our online tool
View OptionsIn the event the relationship falls apart, separation of assets can be very stressful. Getting a prenuptial agreement eliminates the long discussions of division of assets and financials. Discuss your concern with an expert family lawyer.
Try our online tool and follow the prompts