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…
The Fourt-Steps Approach.Over the last twenty years, the Full Court of the Family Court has developed and fine-tuned a method to determine the appropriate adjustment of property in a family law matter when applying its powers under the Act, it is known as “the four-steps approach” . [1]Step One – “The Pool”.Step…
Understand your legal rights by conducting thorough research online and consulting with an experienced family law solicitor during a free consultation.Consider mediation and approach discussions with other parties in a constructive manner.Demonstrate a willingness to negotiate in order to reach practical and sustainable resolutions.Keeping Your Family Law Costs Down: Practical…