Financial Agreements, Pre-Nuptial Agreements and Termination Agreements
Binding Financial Agreements can be entered into before, during or after a marriage or de facto relationship.
The most common of these agreements is often referred to as a “pre-nup” and sets out how property should be divided in the event of the breakdown of a marriage.
A Binding Financial Agreement (BFA) is a complex document that requires each party to the agreement to receive independent legal advice. It is important that you speak to a lawyer about any such agreement, as there could be many adverse consequences of an ill-considered agreement.
Binding Financial Agreements can protect or quarantine your assets from a claim made by your partner in the event of separation, so long as full and frank financial disclosure was made at the time of entering into the agreement.
At Kydon Segal Lawyers our experienced team can advise you ahead of entering these documents, and explain all of the risk and advantages to you of signing a Binding Financial Agreement.