๐ Planning Love & Life: Why a Binding Financial Agreement Might Be Right for You ๐ฐ๐
When youโre 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 โ just in case. ๐ก๏ธ
๐ Whatโs 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:
โ
Before a marriage or moving in together
โ
During the relationship
โ
After separation or divorce
๐ฉโโ๏ธ It covers property, superannuation, spousal maintenance, and more โ and gives YOU control over the outcome, not a judge.
โ๏ธ Why Consider a BFA?
๐ก One partner has significantly more assets
๐ถ Planning to start a family
๐ก Second marriage or blended families
๐ Peacefully finalise finances after separation
๐ Avoid expensive and stressful court proceedings
โจ Benefits
โ
Certainty
โ
Privacy
โ
Cost-effective
โ
Flexible and tailored to your relationship
๐ A BFA isnโt about expecting the worst โ itโs about being prepared and respectful to each other. Just like car insurance doesnโt mean you expect a crash ๐๐ฅ, a BFA is just smart planning. ๐ผ๐
๐ Need Guidance?
Speak with our experienced family lawyers for your FREE 20-minute consultation.
๐ Offices in Brisbane | Gold Coast | Cairns
๐ง teamJames Noble.com.au
๐ฑ 1800 662 535
๐ Learn more: https://jamesnoblelaw.com.au/b....inding-financial-agr
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