A Binding Financial Agreement is a legally binding document that sets out how assets, liabilities and financial resources will be divided in the event of a separation or divorce. It can be entered into before, during, or after the relationship and used to protect a range of assets, including property, investments, and businesses.
A well-drafted BFA can save you from legal costs and disputes that may arise in the event of a separation or divorce. It can also help you avoid the lengthy and often stressful court process that can be financially and emotionally draining. With a BFA in place, you and your partner can be clear about your respective rights and responsibilities, and you can move forward with confidence, knowing that your assets are protected.