Settling family law matters Part 2 – Thinking outside the box

Key Points:Optimal Conditions for Out of Court Settlement NegotiationTo enable successful negotiations and reach a settlement between parties, several critical conditions must be met:Addressing Power Imbalances: It is essential to ensure that any power imbalance between the parties has been identified and managed. This creates a more equitable environment for…

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How to settle family law matters “well” outside court Part 1

Key PointsMost family law matters settle out of court (approx 95%) but a smaller percentage, in fact, settle well.Going to court to settle family law matters is very expensive, time consuming, stressful and in most cases unnecessary.The family law system encourages parties in different ways to settle their matter outside…

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BFA – Binding Financial Agreements

Key Points:What is a Binding Financial Agreement (BFA)?A Binding Financial Agreement (BFA) is a legally enforceable contract that couples—married or de facto—can enter into under the Family Law Act 1975 (Cth). It outlines how assets, liabilities, superannuation and financial matters will be dealt with if the relationship breaks down in…

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