Financial Agreements
What is a Binding Financial Agreement?
At South Coast Family Law Group, we understand that planning for your financial future is essential, especially during relationship changes. A Binding Financial Agreement (BFA) or ‘prenup’ is a legal contract that outlines how assets and liabilities will be divided in the event of a separation or divorce. BFAs provide clarity and certainty, helping you avoid disputes in the future.
If you need assistance with binding financial agreements, contact South Coast Family Law Group today 02 4202 6644.
Binding Financial Agreements can be made in different circumstances:
A Binding Financial Agreement can provide several benefits:
Creating a Binding Financial Agreement is a complex process that requires careful consideration. At South Coast Family Law Group, our experienced Family Law solicitors can guide you through:
Yes, Binding Financial Agreements are legally binding in Australia, provided they meet specific legal requirements.
Yes, a BFA can be varied or revoked if both parties agree in writing. However, legal advice should be sought to ensure compliance with the law.
If one party does not comply with the terms of a Binding Financial Agreement, the other party can seek enforcement through the Federal Circuit and Family Court of Australia.
If you’d rather speak with us directly, give us a call or send us an email. We’re committed to providing the support and answers you need, on your terms.
12/200 Crown St, Wollongong NSW 2500
By Appointment
