Tag: Property division

When you’re in love or building a life with someone, the last thing you want to think about is a breakup. But just like insurance, estate planning, or a will, a Binding Financial Agreement (BFA) is about preparing for the unexpected. In Australia, BFAs are a legally binding way to define how your property, finances, and debts will be divided if your relationship ends. And while they’re often associated with wealth or celebrity divorces, they’re becoming increasingly common—and useful—for everyday...

Property proceedings - Family Court of Australia - Full Court [caption id="attachment_11763" align="alignright" width="350"] Property proceedings - Family Court of Australia - Full Court[/caption] Barnell & Barnell [2020] FamCAFC 102  This case looked at the principles relevant to the assessment of contributions determining property proceedings pursuant to s 79 of the Family Law Act 1975 Applicable principles It is well-settled by the authority that the assessment of contributions under s 79 of the Act is not a mathematical exercise. Evaluating Disparate Contributions Contribution, either direct...