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Binding Financial Agreements |
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What is a Binding Financial Agreement?
A Binding Financial Agreement is a formal document that sets out how property will be divided up in the event of a relationship breakdown. You can make a binding financial agreement before you enter a relationship, during a relationship or after the end of a relationship.
It is essential that both you and your partner have legal advice before the agreement becomes legally binding.
Who needs a Binding Financial Agreement?
All couples, whether they are married, de facto or same sex couples should have a binding financial agreement. This is particularly the case where you share a home, share assets or expenses or have children together.
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While it may be uncomfortable to discuss these matters with your partner, a binding financial agreement can be drafted to protect both of you, and it is usually much easier to discuss these matters while your relationship is strong and healthy rather than after a separation.
How do I get a Binding Financial Agreement?
You will need to contact our office and provide us with some background information so we can start drafting your binding financial agreement.
Does my partner also need a Binding Financial Agreement?
No. There is one Binding Financial Agreement between the two partners. Both you and your partner will have to obtain legal advice about the effects of the agreement in order for it to become binding.
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Have the friendly professionals at Bateys Family Lawyers take away the stress and complexity and leave you with confidence and peace of mind. Contact Us now.
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