Delta Legal
LAWYERS PERTH WESTERN AUSTRALIA
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Binding Financial Agreements
Are you looking for a secure and reliable binding financial agreement? Delta Legal is the law firm for you! Our experienced family lawyers will ensure that your financial agreement is fair and legally binding, giving you peace of mind. Get in touch today to start protecting your future!
What is a Binding Financial Agreement (BFA)?
A Binding Financial Agreement (BFA) is a legal document that outlines how financial matters will be handled between married or de facto couples, including same-sex couples, in the event of a relationship breakdown. BFAs can be created before, during, or after a relationship and typically cover the division of property, assets, and maintenance .
Why Choose Delta Legal for Your Binding Financial Agreement?
Delta Legal's experienced family law team in Perth, WA, offers comprehensive guidance and support to clients who wish to create a binding financial agreement. Our team will:
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Help you understand the legal implications and requirements of a BFA.
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Collaborate with you to develop a legally sound and fair agreement.
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Ensure both parties receive independent legal advice, which is a mandatory requirement for a BFA to be binding and compliant with the Family Law Act.
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Draft and review the BFA, ensuring all necessary elements are included to protect your financial interests.
What Can You Include in a Binding Financial Agreement?
BFAs can cover a wide range of financial matters, such as:
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Division of property and assets, including real estate, vehicles, investments, and more.
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Allocation of debts and liabilities.
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Spousal maintenance arrangements.
Note that child support and child arrangements are not covered by BFAs, as they fall under a separate agreement called a Parenting Plan.
How Much Does a Binding Financial Agreement Cost?
On average, a binding financial agreement may cost between $2,000 and $6,000, with the specific amount depending on the intricacy of your situation. For more complex cases, the cost could reach up to $14,000. It's worth noting that thorough preparation and reaching an agreement between both parties beforehand can help reduce these expenses.
Contact Delta Legal for Your Binding Financial Agreement Needs
If you are considering a binding financial agreement in Perth, WA, reach out to Delta Legal for expert assistance. Our experienced family law team will guide you through the process and help you create a legally sound agreement tailored to your unique situation. Contact us by phone at 08 6364 0410 or email us at info@deltalegal.com.au.
Conclusion
A binding financial agreement can provide clarity and security regarding financial matters in the event of a relationship breakdown. Trust Delta Legal's experienced family law team in Perth, WA, to help you create a comprehensive and legally sound agreement that protects your financial interests.