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We offer many potential family law clients an obligation and cost free initial consultation. During this consultation you can expect to receive a general outline of your legal options for your family law case and we will also advise you of the estimated costs involved in pursuing them.Call us now: 1300 148 110
If your relationship breaks down, the amount of money and other assets that your partner may be entitled to will often be unknown. The cost of litigating can be extortionate and the case will take months or years to resolved. not to mention the stress and emotional toll. A Binding Financial Agreement can be a worthwhile investment
Binding Financial Agreements (or simply 'Financial Agreements') are authorised by legislation. The Family Law Act 1975 allows for parties to a marriage or de facto relationship to enter into a binding legal agreement about how property is to be divided after the breakdown of their marriage or de facto relationship.
Binding Financial Agreements can be entered into before marriage (ie a 'prenuptial agreement'), during the relationship or after the relationship has already broken down. Sections 90B-90KA of the Family Law Act deal with financial agreements by parties to a marriage. Sections 90UA-90UN of the Family Law Act apply to financial agreements by de facto couples.
Parties to a broken down marriage or de facto relationship who have agreement can alternatively resolve the division of property by way of "consent orders". A consent order is a written agreement that is approved by a court and formalised into an order of the court and has the same effect as a court order made by a judge after a defended court hearing.