Binding Financial Agreements
Arriving at a property settlement does not necessarily mean that you have to go to Court. You can enter into a legally binding settlement agreement that is private. These agreements are known as Binding Financial Agreements. Binding Financial Agreements are available to both married and defacto couples. You can make a financial agreement before, during or after a marriage or de facto relationship. These agreements can cover: 1. financial settlement (including superannuation entitlements) after the breakdown of a marriage or a de facto relationship; 2. financial support (also referred to as ‘spousal maintenance’) of one spouse by the other after the breakdown of a marriage or a de facto relationship; 3. and any related issues. For a financial agreement to be legally binding there are many technical requirements, and we highly recommend that you contact us for more information.