(Binding Financial Agreement under to s90C Family Law act 1975)
Who should use a Separation Agreement?
When a married couple has agreed to separate and they wish to formalise their agreement about the division of Assets, Liabilities, Property and Maintenance.
Binding Financial agreements remove the need to enter court proceedings and extended litigation. A BFA allows you to decide how to divide joint financial resources between yourselves, which lets you relax and get on with your life.
When a marriage breaks down reaching an amicable agreement quickly about debts, assets and property can lessen conflict and reduce the stress involved. It's no wonder many couples now see binding financial agreements as a logical alternative to the courts as well as a reliable exit strategy.
Our Binding Separation Financial Agreement kit provides the framework for a compliant separation contract that will save you hundreds and possibly thousands of dollars. Not to mention the time and anxiety that comes with protracted litigation.
Sitting down with your partner to work out what your agreement needs to achieve, before you both run off to the lawyers, will save you considerable time, money and anxiety. Furthermore you'll minimise the risk of having a Lawyer draft a one sided agreement that fails to reflect what either of you wants.
If you are a De facto couple (opposite or same-sex) and not married you can still make a binding financial agreement under s90UD.
This comprehensive Binding Separation Financial Agreement Kit has been drafted to comply with section 90C of the Family Law Act 1975 and provides all the guidance you need to create a legally binding, protective Separation Agreement.
- the Binding Separation Financial Agreement
- an easy-to-follow instruction manual
- sample agreements and several sample clauses to assist you in drafting your own professional agreement.
Important note: Under the family law act this agreement is binding only when it is signed by both parties and contains a certificate certifying that each party has obtained independent legal advice prior to signing the agreement.
Sample Document Excerpt
Your financial agreement kit includes a comprehensive manual that explains the law as it applies to this agreement. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete your agreement in detail. In addition, it contains alternative legal clauses and provisions you can use to personalise your agreement.
Separation Agreement kit available now