Drafting Your Binding Financial Agreement
A binding financial agreement (BFA)is indispensable for financial and succession planning. A BFA is an agreement between an individual and his/her partner that clearly states out the financial separation and protects each of their estates if they choose to separate from each other after marriage or a de facto relationship. Although there are many financial agreements lawyers Perth, you need to choose a reputed law firm since matters related to financial agreements can get quite tricky at times.
What we, as financial settlement lawyers Perth would like to explain is that our clients should not mistake a BFA for a prenuptial agreement, also known as the prenup. A prenup is an American concept that makes an agreement between two partners before marriage. This does not apply to Western Australia. BFA is an entirely different concept that is applicable to Western Australia.
Our team of Family Lawyers in Perth is one of the best Financial agreements lawyers in Perth. We can also help you with matters such as division of property which includes superannuation and spousal maintenance.