Tag: De facto Financial Agreement

When you’re in love and planning a life together, the last thing on your mind might be what happens if things don’t work out. But being prepared for the unexpected is not just smart it’s essential. Just like taking out insurance, a Binding Financial Agreement (BFA) offers peace of mind and legal clarity should your relationship end. It allows couples to define in advance how their property, assets, and financial responsibilities will be managed if they separate.  At James Noble...

Binding Financial Agreement & Provisions of Family Law Act While binding financial agreement, Parties may wish to determine the ownership of their assets and liabilities whilst contemplating or living in a relationship (including same-sex relationships), contemplating entering into a marriage, during a marriage or after a divorce, may wish to set out terms in an agreement which determines how their property and liabilities should be determined should their relationship break down. Provisions in relation to Binding Financial Agreement came into...