Description

Binding Financial Agreement Plus

Have you reached an agreement about how your assets and liabilities will be split in the event of separation?

Our Binding Financial Agreement (BFA) service is the least expensive way to formally document your agreement.

Commonly asked questions about BFAs: 

Can I rely on a BFA?

Yes, if it is certified by 2 independent lawyers, it becomes ‘binding’ in the Courts.

How long does the process take?

Usually around 3 to 4 weeks.

Can a BFA be challenged afterwards?

Technically yes, but it is difficult and expensive to challenge a BFA once it is certified.

What are the most common circumstances where a BFA can be challenged?

• Non-disclosure of assets and liabilities.
• The BFA is unfair on the welfare of the children of the relationship.
• The agreement is not fair and equitable. The duty of the certifying lawyers is to make sure the agreement is fair and equitable. Otherwise, they will not certify it.

Can I use my own document? Will it save some money?

That is OK. We will use your document and extract the facts and details, but we, and our panel of law firms, want to use our  tried-and-tested agreement that they use. We will offer a $100 discount if you have your own document to start with.

Want to know your options? Compare our BFAs or CALL our FREE Helpline at 1300 728 200 to discuss your situation. 

HOW DOES IT WORK?

1. ORDER: Select your State then click “Add to Cart,” verify your order then click “Proceed to Checkout.” Choose your preferred payment option—direct by credit/debit card, thru Xero Invoice, or a pay-later option thru AfterPay.
2. CONFIRM: Check your inbox for the confirmation email and follow the instructions to download the information leaflet and questionnaire.
3. UNDERSTAND: Complete the questionnaire and return it to AussieLegal via email.
4. DRAFTING: AussieLegal will prepare your Financial Agreement in consultation with you.
5. REVIEW: Once you are satisfied with the draft agreement, we will send a copy to two (2) independent law firms for review—one for each party.
6. ADVICE: Your respective family lawyer will schedule a time with you to discuss your Financial Agreement and make further changes to the draft documents.
7. CERTIFICATION: When the final agreement is confirmed, the advising lawyers will issue their Letters of Legal Advice to the respective party.

* Each assigned lawyer will allocate a limit of two (2) hours for preparation, independent legal advice through online resources or face-to-face, as well as written advice. Additional fees may apply if more time is required.

For more information about our Time Allocation Policy, please visit our Terms and Conditions page or CALL our FREE Helpline at 1300 728 200 for a quick NO OBLIGATION discussion. You can also email us at enquiries@aussielegal.com.au to schedule a call at your convenience.