Tag: Binding Financial Agreement After divorce

You’ve gone through the time, effort, and cost of preparing a Binding Financial Agreement (BFA) - but is it actually binding? Many people believe that once they sign a BFA, they’re protected from future disputes over property, finances, or spousal maintenance. But as numerous court cases have shown, that’s not always the case. At James Noble Law in Toowong, we’ve seen how improperly executed BFAs can be overturned-sometimes years after they’re made. In this article, we’ll explore the most common...

When entering a relationship or going through a separation, financial security and clarity are paramount. That’s where a Binding Financial Agreement (BFA) may be advisable. At James Noble Law, we believe in proactive planning to protect your assets and ensure peace of mind. But the success of a BFA hinges not just on having one—but on asking the right questions before it's drafted. Knowing what to ask your lawyer can make the difference between an enforceable, effective agreement and one...

What is Binding Financial Agreement? A Binding Financial Agreement is a private contract between two parties in which they are effectively finalising property settlement and spousal maintenance issues outside of the Court. Binding Financial Agreements can be entered into: Before marriage; During marriage; After divorce;  Before cohabitation; or During cohabitation. The benefit of entering into a Binding Financial Agreement The benefit of entering into a Binding Financial Agreement is that the Court will not review the terms of the agreement...