Binding Financial Agreement
Money conversations can feel uncomfortable, especially when you’re also navigating relationship changes. But having clarity about finances doesn’t just protect assets — it protects peace of mind. At Just Perth Lawyers, we help you put things in writing, so everyone knows where they stand.
A binding financial agreement (BFA) is a legal document that outlines how property, finances and other assets will be dealt with if a relationship ends. It's available to married, de facto and same-sex couples and can be made before, during or after a relationship. We work with you to create a BFA that reflects your situation clearly and legally.
When a binding financial agreement may be the right step
This agreement can be helpful in a range of situations. If you're entering a relationship with significant assets, a business or inheritance, a BFA can help you outline what remains yours. It can also offer peace of mind for second marriages, especially when children from previous relationships are involved.
Some couples choose to have a BFA simply to prevent future disagreements or reduce uncertainty. Others may want to protect each other from financial hardship or preserve individual ownership of family property.
Whatever the reason, the goal is the same: to avoid disputes later on by having a plan in place.
How we’ll support you through the process
We begin with a confidential consultation to understand your needs and circumstances. If a BFA is appropriate, we explain what it covers and what it doesn’t, so you have a full understanding before moving forward.
Both parties must receive independent legal advice. We work alongside your partner’s lawyer, aiming for a clear and respectful process. Once everyone is confident with the terms, we prepare and finalise the agreement, ready to be signed and enacted.
We focus on making the process as straightforward and calm as possible. No confusion. No unnecessary conflict. Just clear advice and careful work.
Set up a free consultation with Just Perth Lawyers
If you’d like to have an honest chat about whether a binding financial agreement in WA could be right for you, get in touch. We’re here to listen, explain and guide you through every step. Book a private consultation today — or explore our other services to see how else we can support you with family law and financial settlements.
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How long does a property settlement take?The timeline can vary depending on how complex the financial situation is and whether both parties can reach an agreement early on. Some matters are resolved within a few weeks through negotiation or mediation, while others — especially those that go to court — can take several months or more. We’ll help you understand what to expect based on your situation and keep things moving as smoothly as possible.
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Who pays court costs in a property settlement?If the matter goes to court, each party usually pays their own legal fees, but the court may order one party to pay some or all of the other’s costs in certain situations. This can happen if a party has acted unreasonably or caused unnecessary delays. Wherever possible, we aim to resolve matters outside of court to help keep stress and costs down.
Book a free consultation with Just Perth Lawyers
You don’t need to have everything worked out before you talk to a lawyer. If you’re facing a family law issue, we’re here to help you understand your options and what comes next. Reach out to Just Perth Lawyers and take the first step towards clarity, direction and peace of mind.