Tag: binding financial agreement before marriage

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...

Marriage is often seen as the ultimate romantic commitment, a beautiful union of two people who share not only love but also hopes, dreams, and a future. However, alongside the excitement of wedding planning and a new life together, it's important to consider the financial realities that come with marriage. This is where a Binding Financial Agreement (BFA) comes into play—an essential legal document that every couple should consider before walking down the aisle in Australia. What is a Binding...

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...

Are binding financial agreements help to improve Relations between two Parties in Australia? The answer is yes! Well if they are done properly anyway.  It is a common misconception that Binding Financial Agreements  / Prenuptial Agreements are simple contracts between two people that must be followed when the agreement comes into effect. It is widely believed that all that is required for a written agreement to binding two parties to a relationship is that a lawyer witness the parties signature...