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Binding Financial Agreements
Binding Financial Agreements
Arriving at a property settlement does not necessarily mean that you have to go to Court. You can enter into a legally binding settlement agreement that is private. These agreements are known as Binding Financial Agreements.
Binding Financial Agreements are available to both married and de facto couples. You can make a financial agreement before, during or after a marriage or de facto relationship. These agreements can cover:
- financial settlement (including superannuation entitlements) after the breakdown of a marriage or a de facto relationship;
- financial support (also referred to as ‘spousal maintenance’) of one spouse by the other after the breakdown of a marriage or a de facto relationship;
- and any related issues.
For a financial agreement to be legally binding there are many technical requirements, and we highly recommend that you contact us for more information.
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