How to finalise your Binding Financial Agreement

This web site will show you how to make a compliant, legally Binding Financial Agreement (BFA) with Legal advice from two Independent Australian Family Law specialists for just $.

If you have just arrived at this page we are going to assume you already know that creating a Financial Agreement allows you to handle property settlement matters in a peaceful way.

A Financial agreement can be made at any phase of a married or de facto relationship – before , during or after .

Before During After

Apart from saving you $1000s of dollars in legal fees should your relationship end, a binding financial agreement will also help you to:-

Avoid potentially divisive issues that could arise if you ever separate.
Specify ground rules for buying and owning property.
Coordinate and support your estate plans , to be sure that family property passes as you wish.
Avoid costly litigation following a relationship breakdown.

There are three important steps to putting a compliant Binding Financial Agreement in place:

1. Agree on how your assets and liabilities should be divided

2. Put your arrangement in writing, using our professionally drafted Binding financial agreement template ($147)

3. Get the compulsory legal advice and certificate from an Australian Family Lawyer. – $ covers both parties, in most cases.

We can show you how to complete your binding financial agreement and get the legal advice for just $ for both parties – without stress, fuss or engaging combative lawyers.

Why do you have to get Legal Advice?

Back in 2000, when binding financial agreements were introduced, the lawmakers were responding to a need to lessen the load on the Family Court System.

They recognised that couples often know what they want to achieve with a binding contract, but there must be a legal safety net to ensure equality in the bargaining power of the partners.

This safety net is the mandatory legal advice .

The Legal advice is your safety net

The Legal Advice acts as a Safety Net and ensures the strength of your agreement .

Essentially both partners are required to have a conversation with a lawyer about their agreement to make sure that they each understand:

The effect that signing the Financial Agreement will have on their rights ; and
The advantages and disadvantages of making the agreement .

After the consultation, their lawyer is required to issue them with a Certificate of Legal Advice. The parties can sign the agreement and move on with their lives confident that their financial resources are protected.

Once you’ve completed your draft agreement ($147), you and your partner can obtain the Legal Advice from qualified family law specialists at a low fixed price of $ for both parties (unless you have a very complex situation).