Protect Your Assets with a Binding Financial Agreement Before a De Facto Relationship

Entering a de facto relationship involves financial commitments and shared responsibilities. A Binding Financial Agreement (BFA) Before a De Facto Relationship allows couples to establish financial clarity and security by outlining asset ownership, contributions, and financial obligations before the relationship formally begins. This legally binding agreement helps couples, legal practitioners, and financial advisors ensure compliance with the Family Law Act 1975, reducing future disputes and protecting individual interests.

BFA Before Defacto

Why Legal Practitioners, Couples, and Financial Advisors Need a Binding Financial Agreement for De Facto Couples

A Binding Financial Agreement for De Facto Couples (also known as a separation agreement) is essential for couples who wish to define their financial arrangements before entering into a de facto relationship. Unlike general contracts, BFAs are legally enforceable documents that protect individual assets and outline financial responsibilities in the event of separation.

With our professionally drafted Binding Financial Agreement for Married but Separated Couples, legal practitioners can confidently assist their clients, while couples can:

  • Ensure compliance with the Family Law Act 1975 and legal requirements for BFAs

  • Clearly define asset ownership and financial contributions before marriage

  • Establish financial obligations, including property, debt management, and partner support

  • Minimize disputes over property division in case of separation

  • Provide financial security and peace of mind for both parties

BFA Married
Z

COMPREHENSIVE COVERAGE

                        

Ensuring you have everything you need in one place.

i

FREE WITH EVERY PURCHASE

                        

Our legal drafting booklet to guide you through the necessary steps in editing your documents.

k

EASY CUSTOMISATION

                        

Each document is designed to be easily editable, allowing you to tailor the agreements to your specific needs without hassle.

LEGALLY SOUND

                        

All our documents are crafted by legal professionals and adhere to Australian legal standards, giving you confidence in their validity.

BFA Defacto

SUITABILITY

                        

AUSTRALIA

 

What’s Included in the Binding Financial Agreement

A Binding Financial Agreement – before defacto is a financial agreement for parties who intend to move in together but have not done so yet.

A Binding Financial Agreement (BFA) before a de facto relationship is a legal document created under Australian law that outlines how assets, liabilities, and financial resources will be divided in the event of a relationship breakdown. These agreements are designed to provide clarity and certainty for both parties regarding their financial arrangements and to prevent disputes in the future.

Why a Binding Financial Agreement is Essential in a De Facto Relationship

In Australia, de facto relationships—where couples live together as a couple but aren’t married—have gained recognition under family law. This means that, similar to married couples, de facto partners may face legal proceedings if their relationship ends. A Binding Financial Agreement (BFA) is a practical and powerful tool for those in de facto relationships, offering clarity, financial security, and peace of mind. Here’s why a BFA could be one of the best decisions you make for your relationship

    • Table of Contents – A structured outline of the agreement for easy navigation.

    • Separate Property – Defines assets owned individually before and during the de facto relationship.

    • Joint Property – Outlines assets acquired together and their management.

    • During the De Facto Relationship – Establishes financial obligations and responsibilities.

    • Separation – Covers procedures and conditions in case of a relationship breakdown.

    • Division of Property – Specifies how assets and liabilities will be divided post-separation.

    • Independent Legal Advice – Ensures both parties receive separate legal counsel before signing.

    • Tax Considerations – Details tax implications related to asset division.

    • Claims Against Estate – Addresses provisions for claims made against a deceased party’s estate.

    • Notices – Defines communication procedures between parties regarding the agreement.

    • Governing Law & Jurisdiction – Specifies the applicable legal framework governing the agreement.

    • Further Assurance – Ensures both parties take necessary steps to uphold the agreement.

    • Execution Page – Contains designated spaces for official signatures and legal acknowledgment.

    • Annexure A – Assets and Liabilities – Supplementary documentation detailing financial disclosures.

    • Annexure B – Additional supporting documentation as required.

    • Annexure C – Further relevant annexures related to the agreement.

    • Statement Under Section 90G of the Family Law Act 1975 – Confirms compliance with legal requirements.

    • Separation Declaration Pursuant to Section 90DA of the Family Law Act 1975 – Required declaration upon separation.

      Download the Template

      Gain instant access to our professionally crafted template.

      Fill in the Details

      Complete your legal template with your specific details.

      Review and Customise

      Easily enter your details into the template, save your progress, and make edits whenever needed to ensure it perfectly fits your situation.

      PREVIEW SAMPLE

       

      ABOUT US

      Established since 2015, Precedents Online leads the industry with a diverse collection of over 300 legal templates. Our legal documents, meticulously crafted by practicing Solicitors and renowned legal authors, provide you with the precise solutions you seek. Step into a world where legal paperwork is made easy .

      Precedents Online, helping you draft like a pro! Receive a free handbook with any purchase of our customisable legal document templates.  Start drafting with confidence using our expertly crafted precedents with our bonus guidebook.

      CHOOSE YOUR TEMPLATE