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.