BFA BEFORE MARRIAGE

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At a Glance

Ensure financial security and clarity before entering into marriage with a professionally drafted Binding Financial Agreement (BFA) Before Marriage. This essential legal document helps couples, legal practitioners, and financial advisors establish clear terms for asset division and financial responsibilities.

A Binding Financial Agreement Before Marriage (also known as a prenuptial agreement) is essential for couples who wish to define their financial arrangements before marriage. 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 Before Marriage you :-

  • 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 spousal support
  • Minimise disputes over property division in case of separation
  • Provide financial security and peace of mind for both parties

 

INCLUDES

 

  • Separate Property – Defines assets owned individually before marriage.
  • Joint Property – Outlines assets acquired together and how they are managed.
  • During the De Facto Relationship – Establishes financial obligations and responsibilities.
  • Separation – Covers procedures and conditions in case of a relationship breakdown.
  • Division of Property Upon Separation – Specifies how assets will be divided after separation.
  • Independent Legal Advice – Ensures both parties receive separate legal counsel before signing.
  • Taxes – Details tax implications related to asset division and financial obligations.
  • Claims Against the Estate – Addresses potential claims for provision out of a deceased party’s estate.
  • Notices – Specifies formal notification requirements under the agreement.
  • Governing Law & Jurisdiction – Defines the applicable legal framework governing the agreement.
  • Further Assurance – Ensures both parties will take necessary steps to uphold the agreement.
  • Execution Page – Provides designated space for signatures and legal acknowledgment.
  • Annexures (A, B, C) – Additional documentation supporting the agreement.
  • Statement Under Section 90G of the Family Law Act 1975 – Confirms compliance with legal requirements.
  • Separation Declaration Pursuant to Section 90D of the Family Law Act 1975 – Required declaration upon separation.

A Binding Financial Agreement (BFA) is a legally enforceable document that requires careful drafting to ensure compliance with Australian family law. To be legally binding, both parties must receive independent legal advice from a solicitor before signing, as required by the Family Law Act 1975 (Cth).

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