What you get – Binding Financial Agreement for Australia except WA
This Binding Financial Agreement (De Facto Living Together) kit can be used by couples in all Australian States and Territories except Western Australia.
This kit complies with s90UC of the Family Law Act and includes:
- Binding Financial Agreement (De Facto Living Together) template
- Easy to use instruction manual
- Sample agreements and clauses
- BONUS Will Kit
If you’re intending to get married, then please use a Prenuptial Agreement.
Benefits of a Binding Financial Agreement
If you ever do separate, you can refer to your Binding Financial Agreement. This reduces your stress as you avoid going to court to settle property and maintenance issues.
Creating a Binding Financial Agreement allows you to communicate openly and honestly with your partner and hopefully continue discussing important issues together throughout your relationship. Agreeing on issues earlier on in the relationship tends to ensure a fair outcome for both partners.
Note: If you live in Western Australia, then use either:
- WA Binding Financial Agreement (Pre Cohabitation) Kit, or
- WA Binding Financial Agreement (De Facto Living Together) Kit.
For the rest of Australia, use this kit if you’re already living together. If you’re not yet living together, but intend to in the near future, use the Binding Financial Agreement (De Facto Pre Cohabitation) Kit.
You must get independent advice for the Agreement to be binding
Each party must receive independent legal advice before signing the agreement (so that nobody can argue that they didn’t understand what they were agreeing to when they signed the agreement).
You can engage a family lawyer to review your binding financial agreement so that you can satisfy the legal advice component at a reasonable cost.
$129.95 for the entire Binding Financial Agreement (De Facto Living Together) kit.
If you have any questions about this Binding Financial Agreement Kit, you can speak to one of our friendly Client Care Specialists on 1300529827.
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