Binding Financial Agreement (BFA)

Everyone starts a relationship with the intention that it will last forever but statistics reveal that approximately half of all relationships will fail. Statistics reveal that one of the primary sources of marriage failure resides with financial matters. Many couples are coming together later in life or with blended families with assets accumulated by their hard work prior to the meeting. To ensure that a relationship is not disturbed by the concerns of children or the fears of loss I believe that it is essential to consider the protection of assets gained prior to a relationship be protected. If you are commencing a new relationship either by way of a de facto relationship or by marriage, you are able to protect these assets with a Binding Financial Agreement (BFA). A BFA can be made before, during or after a marriage or de facto relationship. The Family Court is a court of fairness and any application to vary a BFA starts from the position that a BFA is a binding contract and will not disturb it unless there are extenuating circumstances. There are several circumstances that will persuade a court to vary a BFA. To make a decision, the court will examine the particular circumstances. Such matters would include whether the needs of the children of the relationship are properly provided, whether there is a special need of one party or whether fraud or coercion has resulted in the signing of a c. I recommended that you have a BFA for the following reasons: a. To protect your assets in the event of any breakdown; b. To provide clarity for any children from your prior relationships; c. To provide a clear understanding of each other to prevent any future misunderstandings regarding your financial affairs. I have assisted many clients to draft BFA’s to ensure sensitivity and compliance with legislation. Your BFA must faithfully reflect your situation and future financial position. If either you or anyone you know would like to discuss this matter, please do not hesitate in contacting me. Have a wonderful day, Jeffrey 0419 233 670 [email protected] If you would like to sign up for my newsletter please go HERE. ps. I am available to discuss matters either in my office or by Zoom conference and provide notary services which must be in person.  
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“有时有人说爱情是盲目的—— 有约束力的财政协议（BFA）”

每个人开始一段关系的时候是希望它能永远持续下去，但统计显示，大约一半的关系会以失败告终。 据统计，婚姻失败的主要原因之一在于经济问题。许多夫妻在晚年才走到一起或是在婚前通过努力工作积累了一定财富的时候才走到一起。为了确保一段关系不被对孩子的担忧或对财产损失的恐惧所扰乱，我认为有必要考虑对在一段关系之前所拥有的资产进行保护。不管你是通过事实上的同居关系还是婚姻开始一段新的关系，你可以通过有约束力的财政协议（BFA）来保护这些资产。 有约束力的财政协议(BFA)可以在婚前、婚姻过程中或婚后（包括事实婚姻）进行。家庭法院是一个公平的法院，任何改变BFA的申请都是从BFA是有约束力的合同这一立场出发的，除非有有情可原的情况，否则不会干扰它。有几种情况可以说服法院改变约束力的财政协议（BFA）。为了作出决定，法院将审查具体情况。这些事项将包括是否适当地满足关系中子女的需要，是否有一方有特殊的需要，或是否由于欺诈或胁迫而签署了有约束力的财政协议(BFA)。 我建议您建立有一份有约束力的财政协议(BFA)，原因如下： a、 在发生任何变故时保护您的资产； b、 为你以前的关系中的孩子提供清晰的信息； c、 为彼此提供一个清晰的了解，以防止将来对你的财政状况产生任何误解。 我曾协助许多客户起草过有约束力的财政协议(BFA)，以确保权威性和符合法律条款。你的有约束力的财政协议(BFA)必须如实反映你的情况和未来的财务状况。如果您或您认识的任何人想讨论这些事宜的话，请不要犹豫与我联系。 祝你度过美好的一天， 蔡福荣 Jeffrey 0419 233 670 邮箱：[email protected] 请点击此处查看更多。 另外，我可以在办公室或Zoom会议上讨论相关事宜；公证服务必须当面进行。
If you or someone you know are looking for the best family lawyer in Sydney, do not hesitate to contact JCL Legal now!