π Planning Love & Life: Why a Binding Financial Agreement Might Be Right for You π°π
When youβre building a life with someone, the last thing you want to plan for is a breakup. But just like insurance or a will, a Binding Financial Agreement (BFA) helps you protect your future β just in case. π‘οΈ
π Whatβs a BFA?
A BFA is a legal agreement (under the Family Law Act 1975) that sets out how finances, assets, and debts will be divided if the relationship ends. It can be made:
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Before a marriage or moving in together
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During the relationship
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After separation or divorce
π©ββοΈ It covers property, superannuation, spousal maintenance, and more β and gives YOU control over the outcome, not a judge.
βοΈ Why Consider a BFA?
π‘ One partner has significantly more assets
πΆ Planning to start a family
π‘ Second marriage or blended families
π Peacefully finalise finances after separation
π Avoid expensive and stressful court proceedings
β¨ Benefits
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Certainty
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Privacy
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Cost-effective
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Flexible and tailored to your relationship
π A BFA isnβt about expecting the worst β itβs about being prepared and respectful to each other. Just like car insurance doesnβt mean you expect a crash ππ₯, a BFA is just smart planning. πΌπ
π Need Guidance?
Speak with our experienced family lawyers for your FREE 20-minute consultation.
π Offices in Brisbane | Gold Coast | Cairns
π§ teamJames Noble.com.au
π± 1800 662 535
π Learn more: https://jamesnoblelaw.com.au/b....inding-financial-agr
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