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Binding Financial Agreements (BFA’s) are becoming more popular as couples wish to protect their property interests, reduce the possibility of disputes and create certainty about their financial and legal responsibilities towards each other.
Did you know that parties can enter into BFA’s not as a pre-nuptial agreement (either intending to marry each other or commence a de facto relationship)? In fact parties may enter into BFA’s after they have married each other, entered into a de facto relationship, before or after separation and even after a divorce.
Many consider a BFA to be an investment providing assurance that they retain control over their assets and comfort in minimizing the scope for conflict and the costs associated with it.
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