Binding Financial Agreements are agreements between the parties to the relationship whereby the parties set out agreed terms about property matters. Binding Financial Agreement can sometimes include third parties. Binding Financial Agreements will determine the distribution of the property of the marriage / relationship between the parties, these include property, assets, superannuation, spousal and child maintenance and any other known assets of the marriage / relationship. Binding Financial Agreements are required to be drafted with precision in accordance with the Family Law Act, failing which there is a risk that the agreement may be void and will result in the parties ending up in court.

Binding Financial Agreements will address any future potential claims the parties can make against each other’s Estate following death or to potential inheritances.