Binding Financial Agreements

Contrary to common misconceptions, a Binding Financial Agreement is not about anticipating separation but rather about laying a foundation for open communication and understanding. We facilitate conversations that strengthen trust, enhance communication, and fortify the foundation of your relationship.

Our goal is to create agreements that protect the interests of both parties. Whether it's safeguarding assets like an inheritance or gift further down the line, addressing financial responsibilities, or establishing guidelines for potential future scenarios, our meticulous approach ensures that both partners feel secure and valued.

What is a Binding Financial Agreement?

Financial Agreements under Australian Family Law are contracts between parties in marriages or de facto relationships. These agreements, if legally binding, can remove the need for court involvement in financial matters between the parties. In simpler terms, a properly prepared and executed Financial Agreement can provide an alternative to going to court for resolving financial issues if two parties separate.

At what stage should parties enter into a Binding Financial Agreement?

Financial Agreements in Australia can be made before, during, or after marriage or de facto relationships.

Both parties need legal representatives

Each party to a Financial Agreement must be provided with independent legal advice about prescribed matters by an Australian legal practitioner before entering into the Financial Agreement.

Are Binding Financial Agreements actually binding

Yes, if done correctly. They must meet specific requirements to be legally valid. It's crucial for both parties to get independent legal advice and have a solicitor draft and sign the document to prevent it from being set aside by the Court.

How much will a Binding Financial Agreement Cost?

We provide fixed-fee services for Binding Financial Agreements following an initial consultation to ensure eligibility. Our initial consultation is $165 and we will provide a fixed fee price during our consultation.