A One Stop Shop for Family Law in Australia
We are an Online Pubisher of Family Law Legal Information in Australia
There are many benefits and advantages to entering into a Binding Financial Agreement with your partner.
Some of the advantages and benefits to you having a Binding Financial Agreement with your spouse include:
You should also be aware of possible drawbacks of having a Binding Financial Agreement. We explore this in the fact sheet What are the Disadvantages of a Binding Financial Agreement.
There are some basics you should know about a Binding Financial Agreement which are set out in the fact sheet What is a Binding Financial Agreement.
What can you include in a Binding Financial Agreement. What should you talk with your partner about before you enter into an Agreement. Read more in the fact sheet What should you include in a Binding Financial Agreement.
Do you want to draft your own Binding Financial Agreement and save some legal fees. We explain whether you can in the fact sheet Can I prepare a Binding Financial Agreement myself.
You must be legally eligible to enter into a Binding Financial Agreement. Find out more in our fact sheet Who can enter into a Binding Financial Agreement.
The issues of timing to do a Binding Financial Agreement is detailed in the fact sheet When can you enter into a Binding Financial Agreement.
Have you already started living together, got engaged, had a baby with your partner or even already got married and only after one of those events started thinking about getting a Binding Financial Agreement? If so read our fact sheet Is it too late to enter into a Binding Financial Agreement.
What are the different types of Binding Financial Agreements? You need to use the correct type of Binding Financial Agreement for your situation or it may later be set aside. Read more in our fact sheet Types of Binding Financial Agreements & What type of BFA do I need.
Will your Binding Financial Agreement actually protect your assets and future income? Find out the answer in our fact sheet Are Binding Financial Agreements actually Binding.
If you have already started a new relationship or are about to do so and have thought about provisions of your Will or what might happen after you die, you should read our fact sheet How having a Binding Financial Agreement might help your Succession Planning.
Can your Binding Financial Agreement be updated or changed after you have made it? When might have a court declare a Binding Financial Agreement invalid. Read the answers in the fact sheet Can a Binding Financial Agreement be set aside, updated or terminated.
See the fact sheet How to tell your Partner you want a Binding Financial Agreement if you have concerns about broaching the subject with your partner.
Have you separated or divorced and need to document your property settlement agreement in a legally binding and enforceable way? Our fact sheet Should I use a Binding Financial Agreement or a Consent Order will help explain the options.
Michelle Beatty, Senior Lawyer
Other Questions answered in the Binding Financial Agreements Section
You might also be interested in the following sections of our website
(access by clicking below or from the left side Navigation Menu)
You may republish our Fact Sheets in your website, newsletter, or book, on the condition that you agree to leave the article, author’s signature, and all links completely intact as well as make reference to the fact it is provided courtesy of:
"I don't want to
I need to know
where I stand."
"I can't afford
legal costs. I
need help to
do as much as
I can myself."