Tag: Binding Financial Agreement During marriage

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...