Setting up a binding financial agreement
Posted by Ray Latimer on October 9, 2011 under Family Law | 
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Just before the privilege to form Binding Financial Agreements (BFAs) was expanded to same-sex and de facto encounters, when such a partnership had separated, all parties would’ve had to prepare themselves for some long-winded and monotonous litigation over the Supreme Court. Thank heavens, this has now all been altered with the arrival of section 90UD of the Family Law Act 1975 which particularly allows people in de facto affairs to agree upon what they consider to be a fair distribution of assets and savings once the partnership has separated.