To safeguard your financial interests and plan for the future, our experienced team is here to help. Whether you’re preparing for a relationship or finalising financial agreements after a separation, we provide the guidance and expertise necessary to navigate these agreements with confidence.
A binding financial agreement is a legal document that outlines how financial matters will be handled in the event of a relationship breakdown. Think of what was formerly possibly known as a prenup or prenuptial agreement.
These agreements can be entered into at various stages of a relationship:
BFA’s provide clarity. And certainty reducing the potential for disputes over assets and financial resources.
Considering a Binding Financial Agreement in Australia? Foye Legal offers expert advice to help you protect your assets and plan for the future with certainty. Secure your financial peace of mind – contact us today.
Seeking legal assistance early gives you control over your situation, helping you avoid complications and manage costs effectively. This guide provides practical tips, checklists, and key insights to help you confidently navigate legal processes to secure the best possible outcome.
Your first consultation is vital in safeguarding your interests and laying the foundation for the best possible outcome. At Foye Legal, we value the trust you place in us and are committed to providing clarity, strategy and unwavering support from day one.
A Binding Financial Agreement (BFA) is a legally binding written agreement between two people about how their assets and liabilities will be divided in the event of a relationship breakdown (marriage or de facto). BFAs can be made before, during, or after a relationship.
For a BFA to be valid, it must meet strict legal requirements, including being in writing, signed by both parties, contain a statement that each party has received independent legal advice before signing, and include a copy of that advice. The agreement also cannot have been entered into under duress or fraud
BFAs provide certainty and clarity about how assets will be divided if a relationship ends, potentially avoiding costly and stressful court disputes. They allow couples to make their own arrangements based on their specific circumstances, rather than having a court decide according to general principles. BFAs can also protect pre-relationship assets or business interests.
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3/1 MEMORIAL DRIVE SHELLHARBOUR CITY NSW 2529
LEVEL 3, 63 MARKET STREET WOLLONGONG NSW 2500
contact us to make an appointment
3/1 MEMORIAL DRIVE SHELLHARBOUR CITY NSW 2529
LEVEL 3, 63 MARKET STREET WOLLONGONG NSW 2500
contact us to make an appointment
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