Protect your financial future at a affordable, transparent cost with a
Fixed Fee Binding Financial Agreement NSW
Times have changed and so have the laws around relationships.
With defacto relationships being recognised in the Family Law Courts, the rules relating to relationships, marriage, and partnerships and the subsequent division of property when these relationships break down, have resulted in many incidents of people losing more than they had ever anticipated.
Unfortunately, this can and usually does result in costly and lengthy family court battles over who is entitled to what.
Binding Financial Agreements can help protect your hard-earned assets from the outset.
Having a Binding Financial Agreement drawn up by an experienced Law firm ensures the agreement will be compliant with the Family Court Act 1975.
A correctly prepared BFA provides:
- You with peace of mind.
- You and your partner with a clear understanding of what is expected in the unfortunate situation your relationship breaks down at some point in the future.
- And most importantly, it protects your assets and your financial future.
However, the cost of getting a Binding Financial Agreement is often a sticking point for many people.
Stereotypically, BFAs are expensive, ranging anywhere from $4000 to $6000 or more.
To make matters worse, most law firms won’t commit to a cost upfront, making people even more uncertain about getting one so they don’t get hit with an unexpectedly large bill.
We’ve solved all this with our fixed-fee Binding Financial Agreements.
You know exactly what you will be paying and what to expect.
Our BFAs are legally valid in New South Wales and across Australia and cost just $2750.
If you feel the need to protect yourself and your assets, then talk to one of our friendly team members by clicking the button below:
How Our NSW Binding Financial Agreement Australian Qualified Family Lawyers Can Help You
At my law firm, we provide comprehensive services to assist you with binding financial agreements in NSW. Here are the key areas where we can support you:
Drafting and Reviewing Binding Financial Agreements
A properly drafted binding financial agreement ensures that your financial arrangements are legally binding and enforceable under the Family Law Act. Our lawyers specialise in creating agreements tailored to your unique financial circumstances, whether you are protecting existing assets or planning for future financial support.
Independent Legal Advice
To make your financial agreement legally binding, both parties must receive independent legal advice. Our team provides expert advice, ensuring that you fully understand your rights and obligations before signing the document. This step protects both parties and avoids disputes in the future.
Prenuptial and Postnuptial Agreements
We assist with drafting and reviewing a prenuptial agreement (pre nuptial agreement) and postnuptial agreement to secure your financial future. These agreements are ideal for safeguarding assets acquired before marriage or addressing financial arrangements during the relationship.
Cohabitation Agreements for De Facto Couples
De facto couples often face similar financial complexities as married couples. A cohabitation agreement ensures that financial matters, asset pools, and superannuation entitlements are clearly defined, providing security and reducing stress if the relationship ends.
Property Settlement Advice
Our team helps with property settlements to ensure that asset pools are divided fairly and amicably. This includes addressing current assets, future capacity, and any liabilities of the parties involved.
Protecting Existing Assets and Family Businesses
Binding financial agreements can safeguard family farms, businesses, and inherited assets from division in the event of separation or divorce. Protecting these assets ensures that future generations can benefit from them.
Addressing Parenting Arrangements and Child Support
When children are involved, financial arrangements often include provisions for child support and parenting agreements. Our lawyers can incorporate these elements into your binding financial agreement for a holistic approach to family law matters.
Avoiding Costly Court Proceedings
By establishing a binding financial agreement, you can avoid stressful court action and unnecessary arguments. These agreements are designed to provide clarity and reduce the risk of sensational newspaper stories or prolonged disputes in the family court.
Consent Orders and Legal Representation
In addition to financial agreements, we can assist with consent orders to formalise property settlements. If court proceedings become unavoidable, our experienced legal team will represent your best interests.
How It Works
Contact us
Make an enquiry using our contact form or give one of our friendly team members a call.
Tell us about you
We will send you a questionnaire to complete and return at your convenience.
Agreement is drafted
Our lawyers will prepare and review your BFA, taking all information into consideration.
Certification
The my law firm solicitors will issue a letter of advice & compliant certificates to be signed.
Why Choose my law firm For Your Binding Financial Agreement?
Save time with our easy process
Clear, upfront pricing with a fixed fee
Full solicitor support from my law firm
Save money compared to traditional law firms
Get peace of mind that your assets are safe
Your document is legally valid across Australia
Who's Behind my law firm
Maurice Oteri
Maurice Oteri established my law firm in 2013 on a simple philosophy; offer legal services in a simple and affordable way for everyone to access.
What does that mean exactly?
First of all you should have no hesitation contacting my law firm on any issue or service request you may have, we are completely friendly and approachable, and above everything else – here to help you.
Secondly, the time charge clock does not start ticking until we have had the opportunity to scope out your requirements, and wherever possible more often than not, offer a fixed fee for that service. You should never be surprised (other than pleasantly) about any bill you get from my law firm.
Finally, your satisfaction is paramount to our success and yours, we speak (and write) to you in the same language, no fancy legal jargon to justify our less than market rate fees, communication of the end result that you will be more than happy with is our goal.
Maurice comes from an Italian background where there is the saying ‘Casa mia… Casa tua’ meaning my home is your home, a statement of unconditional trust and hospitality, that is why my law firm is your law firm, make yourself at home, we are here for you.
Our BFAs Are Legally Valid In NSW!
We can help with BFAs in all areas of New South Wales including:
- Sydney
- Newcastle
- Wollongong
- Central Coast
- Maitland
- Coffs Harbour
- Port Macquarie
- Tamworth
- Orange
- Dubbo
What Our Clients Have to Say
“I was referred by a family member who spoke highly of Maurice of my law firm, it turns out they didn’t speak highly enough of you!
Your practical approach to problems without looking to gouge the client for fees is the biggest thing that first struck me as different. You are solution driven and always work hard for your client to get the best possible outcome in the quickest possible time – realising that nobody wants to be involved in complicated and time consuming legal battles that eat away at your pocket and your head space.
I have already referred over 10 people to Maurice and will definitely continue to do so.”
Darin Jinks
“Maurice has been assisting our business and many of our clients for a number of years. In the past, we’ve dealt with a number of lawyers but no one comes close to Maurice and his firm in terms of their approach, honesty, experience and exceptional service. He has always gone the extra mile and has been very helpful to our business and clients. I thank you for your service and support and I would not hesitate to recommend him to anyone looking for an exceptional commercial lawyer. HIGHLY RECOMMEND!!”
Durgesh Joshi
“Through mutual business connections we engaged Maurice to provide legal services in the commercial & strata departments of our business – we have never looked back. Services have always been professional, sound and effective – what more could you ask for! my law firm has become part of our TEAM and enables us to provide our clients with the best in the business. We would not hesitate to recommend Maurice.”
Nina Cortes
Frequently Asked Questions About NSW Binding Financial Agreements
What is a Binding Financial Agreement?
A binding financial agreement is a legal document outlining how financial resources, assets, and liabilities will be divided in the event of separation or divorce. Under the Family Law Act, these agreements are enforceable when both parties receive independent legal advice and the document meets specific requirements.
What is the purpose of a binding financial agreement?
A binding financial agreement outlines how financial resources and assets will be divided, helping parties avoid court proceedings and stressful disputes. They provide certainty and security for both parties, helping to:
- Protect existing assets from division.
- Ensure an acceptable division of the asset pool.
- Avoid financial proceedings and court delays.
- Reduce the risk of disputes and financial stress.
Are binding financial agreements legally enforceable in NSW?
Yes, binding financial agreements are legally enforceable under the Family Law Act if both parties have received independent legal advice and the agreement is properly drafted.
To be legally binding, a financial agreement must meet the following conditions:
- Both parties must obtain independent legal advice.
- The agreement must be signed by both parties.
- The document should be properly drafted to comply with legal standards.
Failure to meet these conditions could leave the agreement open to challenge in limited circumstances, such as fraud or failure to disclose financial resources.
Do you need a binding financial agreement if you are in a de facto relationship?
Yes, a binding financial agreement is highly beneficial for de facto couples. It provides clarity on asset division, financial support, and other arrangements, ensuring both parties’ interests are protected if the relationship ends.
Does NSW have specific laws about binding financial agreements?
No, binding financial agreements in NSW are governed by the Family Law Act, which applies to all of Australia.
Can a binding financial agreement include child support arrangements?
Yes, financial agreements can incorporate provisions for child support, ensuring that the financial needs of children involved are met.
How do binding financial agreements differ from consent orders?
Consent orders are court-approved agreements, while binding financial agreements are private contracts. Both can formalise property settlements, but binding financial agreements do not require court approval.
What happens if one party fails to disclose their financial resources?
Failure to disclose financial resources can render a financial agreement invalid. Full disclosure is essential to ensure enforceability.
What assets can be included in a financial agreement?
A financial agreement can include property, superannuation entitlements, family businesses, and other financial resources. It is tailored to the parties’ financial circumstances. For more information read our blog about what to include in a binding financial agreement.
Can a binding financial agreement be challenged in court?
Yes, agreements can be challenged and overturned in limited circumstances, such as fraud, duress, or failure to meet legal requirements. Seeking expert advice reduces this risk.
How can I protect my assets before entering a relationship?
A prenuptial agreement or cohabitation agreement can safeguard existing assets and outline financial arrangements before entering a relationship.
What is the cost of a binding financial agreement?
The cost varies depending on complexity and legal fees. Investing in expert advice ensures the agreement is properly drafted, potentially saving costly legal expenses later. We offer fixed-fee BFAs so you know the cost upfront.
Get Your Binding Financial Agreement (Prenuptial Agreement) Sorted Now!
Get Your Binding Financial Agreement (Prenuptial Agreement) Sorted Now!
Simply fill out the form below to speak to our team regarding your BFA!