Tag: Financial arrangements

In the intricate tapestry of legal frameworks governing personal finances and estate planning, two crucial documents often stand at the forefront: Binding Financial Agreements (BFAs) and Wills. While both serve distinct purposes, their intersection can significantly impact individuals' financial security and estate distribution, particularly in Queensland, Australia. Understanding Binding Financial Agreements Binding Financial Agreements, commonly referred to as BFAs, are legal contracts entered into by parties to formalise financial arrangements, especially concerning property, spousal maintenance, and financial resources. In Queensland,...

In the midst of the excitement and anticipation of planning a wedding, many couples overlook the pragmatic side of their union – finances. While discussions about money may not seem romantic, they are essential for a stable and secure future. In Cairns, Queensland, as in any other part of the world, couples can safeguard their financial interests through pre-nuptial Binding Financial Agreements. Despite misconceptions surrounding “pre-nups”, they offer invaluable benefits that can protect both parties in the event of a...

[caption id="attachment_17646" align="alignright" width="350"] Binding Financial Agreements in Cairns[/caption] Cairns, located in the heart of North Queensland, Australia, is a region known for its stunning natural beauty, rich cultural diversity, and thriving tourism industry. But like any other region, it's not immune to the complexities of life, including relationships and finances. In this context, Binding Financial Agreements (BFAs) have gained significant importance in the Cairns region. This article explores why BFAs are essential in this tropical paradise. What Are Binding...

Property issues in a de facto relationship Australia The Family Court of Australia has jurisdiction under the Family Law Act 1975 (Cth) (“the Act”) to determine matters relating to property as between parties who have not been married, where the parties have lived in a de facto relationship for a period of no less than two years and the relationship finally ended after 1 March 2009, the date on which the particular provisions of the Act commenced. The touchstone or foundational...