How Binding Is A Binding Financial Agreement

It is important that you work with an experienced lawyer to prepare your binding financial agreement. Our team of family lawyers in Brisbane is experienced in managing complex scenarios and the related tax and wealth implications. By signing a financial agreement, the parties agree to a contract through provisions of the law that would otherwise determine the division of property after a separation. This is outside the tribunal`s usual procedure for the division of property and the determination of spousal support. For more information on this process, see our “Real Estate Accounts” section. Don`t wait until the day before your wedding! Wait several months before the agreement is designed, verified and signed by both you and your partner. While we all hope to be “happy to the end,” relationships can sometimes fall apart. The lengthy court battles, emotional and financial stress that can result often prompt couples to consider an BFA in advance.