Services

Binding Financial Agreements

A Binding Financial Agreement promotes relationship harmony by bringing certainty and security to your affairs.

A Binding Financial Agreement (BFA) creates certainty and security as to your financial relationship. You may make a BFA before or during a relationship or after separation. Each party to a BFA must obtain legal advice.

A BFA sets out what will happen to the assets, liabilities and financial resources it covers if you and your partner separate. The advantages are:

  • Certainty and security: a BFA is a legally binding agreement.
  • Control: by entering into an agreement, you and your partner decide how your assets will be divided on separation. In so doing you effectively remove the Family Court’s power to make that decision. This also means you can formalise a financial separation that is outside the Court’s requirement for a “just and equitable” division of property.
  • Privacy: by having a private agreement, you will keep your financial affairs away from the Court.
  • Harmony: financial matters can be a source of disagreement for many couples.  Having a BFA in place may lead to a more harmonious relationship.

 

How we can help

Formalise a financial agreement with your partner or former partner quickly and accurately.

Binding Financial Agreement

Binding Financial Agreement $3,300

We will prepare a draft BFA, give you the advice required under the relevant laws and arrange for you and your partner to sign it.

Our fixed fee includes:

  • collecting information from you and preparing a draft BFA;
  • making any minor changes you require;
  • giving your partner a copy of the draft BFA;
  • the advice required under the relevant laws; and
  • arranging for you and your partner to sign the BFA.

Our fixed fee excludes:

  • agreements involving very large asset pools, complex transactions or complex financial affairs;
  • making enquiries to verify the assets, liabilities or resources of either party or the values thereof;
  • negotiating with your partner or their lawyer or making substantial changes to the draft BFA;
  • property title searches ($25 per property).

We can give you a quote for any of these additional services.

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Review of draft Binding Financial Agreement

Review of draft Binding Financial Agreement $1,650

If your partner has prepared a draft BFA, we’ll review the agreement with you and give you the advice required under the relevant laws.

Our fixed fee includes:

  • reviewing the draft BFA and giving you the advice required under the relevant laws;
  • arranging for you to sign the BFA (if required); and
  • signing the BFA to confirm that we have given you the advice (if required).

Our fixed fee excludes:

  • advising on agreements involving complex business or financial affairs;
  • making enquiries to verify the assets, liabilities or resources of either party or the values thereof; or
  • negotiating with your partner or making any changes to the BFA.

We can give you a quote for any of these additional services.

Book now

WHAT IS THE PROCESS?

 

Telephone us on (08) 9220 4470 or book online to arrange your consultation.

The consultation costs $198 and lasts for up to 30 minutes (or $385 and lasts for 60 minutes).  We will credit the consultation fee towards the cost of our fixed priced services.

We will email you a checklist of information you will need.

Gather the information and bring it with you to your consultation.

We will take your instructions and formulate a course of action.

Following your consultation we will confirm our quote in writing.

Where we prepare your BFA, we will prepare a draft and give you written advice.

Once acceptable to you we (or you) will give the draft documents to your partner and make any further minor changes required.

For review of a BFA, we will give you our written advice.

We will arrange for you and your partner to sign the BFA and the advice certificates.

RESOLUTION IS
WHAT WE’RE ABOUT

Our services are tailor-made to help you resolve matters with your former partner.

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WHY CHOOSE US

Our experienced lawyers provide great service at competitive prices.

Benefit from our experience
Excellent value for money
We focus on resolution

NEED TO TALK?

Our bright and highly trained team members will anticipate your needs and exceed your expectations.

PHONE

Free telephone advice - 7 days a week
Call (08) 9220 4470

ONLINE ENQUIRY

We will respond to your online enquiry within one business day
Online enquiry

MAKE AN APPOINTMENT

Arrange a consultation with one of our friendly and highly trained team members
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MEET THE TEAM

Supervising Partner
Michael Hodgkins
Supervising Partner

(08) 9220 4455
mh@birmanride.com.au

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Senior Associate
Lucy Dickens
Senior Associate

(08) 9220 4401
ld@birmanride.com.au

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Lawyer
Krysten Russo-Battagliolo
Lawyer

(08) 9220 4409
kr@birmanride.com.au

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Legal executive
Tara Ott
Legal executive

(08) 9220 4416
tao@birmanride.com.au

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See the full Birman & Ride team