OK, we’re often asked what are the options for legal agreements following the breakdown of a marriage. So we’ve prepared a visual representation of the main differences between a consent order and a Binding Financial Agreement (BFA). As always, seek the advice of a lawyer to guide you through. Speak to our family law team today.
Financial agreements – valid and binding? Section 90B (pre-nuptial) Agreement Pre-nuptial agreements are one form of Financial Agreement parties can sign and which are enforceable under the Family Law Act. It can be challenging and cause stress for couples to broach the subject with each other, as it can appear to put a negative spin … Read morePrenuptial Financial Agreements – Section 90B
The Family Law Act 1975 (“the Act”) established a specialist Family Court in Australia. As the Court has developed through infancy to maturity, the fundamentals for dealing with property cases have not changed to any significant degree. Ours is still a discretion-based system where even on an identical set of facts (if such a thing … Read moreCalculating the likely split of assets