What is a Binding Financial Agreement?

A Binding Financial Agreement (BFA) is a contract between you and your partner which outlines how your property and finances will be divided. This agreement can be made before marriage, during your relationship, or after separation or divorce.

When to Consider a Binding Financial Agreement

BFAs Agreements can be created at any stage of a relationship, including:

Before marriage (often called a prenuptial agreement)
Agreements During a de facto relationship
During Marriage (post-nuptial agreement)
Agreements After Separation or Divorce

Benefits of a Binding Financial Agreement

One of the main advantages of a BFA is avoiding the family court. This can save you from the stress, expense, and lengthy delays often associated with court proceedings, allowing you to move forward with your life more quickly.

Making Your Own Decisions

A Binding Financial Agreement allows you and your partner to make decisions about your finances and property without involving a judge. This autonomy can reduce conflict and help you work together more effectively, especially if children are involved.

Reducing Conflict

Agreeing on terms through a Binding Financial Agreement can reduce the potential for conflict. This can be especially beneficial in maintaining a cooperative relationship with your ex-partner, which is crucial for the well-being of your children.

Moving On

A Binding Financial Agreement can help you move on with your life by providing certainty and clarity about your financial future. Knowing how your assets will be divided can reduce anxiety and allow you to confidently plan for the future.

Expert Legal Guidance with Binding Financial Agreement

Creating a Binding Financial Agreement requires careful consideration and legal expertise. Our family law specialists at New South Lawyers are highly skilled in negotiating and drafting these agreements, ensuring they meet your needs now and in the future.

Recognised Excellence

Our law firm has been rated among the Best Family Lawyers for child custody in Sydney for ten consecutive years, reflecting our commitment to exceptional legal services.

Securing Your Family's Future with Binding Financial Agreement

With a Binding Financial Agreement, you can protect your interests and secure your family’s future. Our experienced family lawyers are here to guide you through this process, offering the support and expertise you need to make informed decisions.