Binding Financial Agreement

A Binding Financial Agreement (also known as a BFA) is a private contract which set out how assets are to be allocated if a marriage or de-facto relationship breaks down. 

A Binding Financial Agreement can also be made before or during a relationship which is commonly known as a prenuptial agreement or cohabitation agreement. 

This document sets out how all assets, superannuation and liabilities of both parties will be divided in the event of a breakdown of relationship. 

The purpose of entering into a Binding Financial Agreement is for parties to avoid the time and expense of Court proceedings.  

For a Binding Financial Agreement to be legally binding, each party must obtain independent legal advice in relation to the agreement. This document will then be executed by all parties including your independent Solicitor. 

Our team will provide advice and guide you through this process in the most cost-effective way possible.  

If you wish to speak with our experienced team, please contact our office to arrange an appointment.