Parties may consider entering a Binding Financial Agreements at various times in their relationship. These times commonly include:

  1. before you marry or commence cohabitation to address how you and your partner will deal with your respective assets in the event of a future separation;
  2. during the marriage/cohabitation if you and your partner want to deal with the division of assets in the event of a future separation; and
  3. following the breakdown of your marriage/relationship in order to deal with the distribution of your assets.

Binding Financial Agreements may be used to address various financial issues that couples commonly face including how parties' living expenses will be met or or spousal maintenance in the event of a separation.

Parties proposing to enter a Binding Financial Agreement are required by law to obtain independent legal advice.  To discussing Binding Financial Agreements in greater detail, please call our Family & De Facto Law team

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