Binding Financial Agreements

Leave the Family Court out of your financial separation.

You’ve separated from your partner; you’ve reached an agreement, whether by email, text or over a cup of coffee and now you need to make sure it’s watertight. 

If your agreement won’t be seen by the Court as fair, it may be best to draw it up as a Binding Financial Agreement (BFA). 

Getting it drawn up legally is important because creates certainty and security as to your financial relationship.

You may make a BFA before or during a relationship or after separation. We only act in matters with BFAs made after separation.

The advantages of a BFA are:

our services

How we can help you

Formalise a financial agreement with your partner quickly and accurately.

Binding Financial Agreement

$3850

We’ll give you advice and answer your questions about your proposed agreement.  Then we’ll prepare a draft agreement to make sure it’s watertight.

Get started with a consultation ($385). We will credit the consultation fee toward the cost of a binding financial agreement.

We only act in matters with BFAs made after separation.

Our fixed fee includes the advice required under the relevant laws.

Our fixed fee excludes:

  • agreements involving large asset pools, complex transactions, complex financial affairs or superannuation splitting;
  • making enquiries to verify the assets, liabilities or resources of either party or the values thereof;
  • negotiations or making substantial changes to the draft BFA;
  • disbursements such as property title searches (charged at cost).

We can give you a quote for any of these additional services.

Review of draft Binding Financial Agreement

$2950

If your partner has prepared a draft BFA, we’ll review the agreement with you and give you the advice required under the relevant laws.

We only act in matters with BFAs made after separation.

Our fixed fee excludes:

  • advising on agreements involving large asset pools, complex transactions, complex financial affairs or superannuation splitting;
  • making enquiries to verify the assets, liabilities or resources of either party or the values thereof; or
  • negotiations or making any changes to the BFA.

We can give you a quote for any of these additional services.

Why choose us

With our practical advice and solutions you can minimise the misery and expense of separation.

01.
We focus on resolution

Our services are tailor-made to help you resolve matters with your partner and stay out of Court. 

02.
We make it easy for you

We offer practical guidance at every step. We’ll help you navigate an amicable separation and protect your interests.

03.
Friendly and efficient service

We’ll anticipate your needs and exceed your expectations. Read what our clients say.

What is the process?

  • 01

    Arrange a consultation

    Telephone us on (08) 9220 4470 or book online to arrange your consultation.

    The consultation costs $385 and lasts for 60 minutes. We will credit the consultation fee towards the cost of our fixed priced services.

  • 02

    Gather information

    We will email you a checklist of information you will need.
    Gather the information and bring it with you to your consultation.

  • 03

    Attend your consultation

    We will discuss your agreement and answer your questions. After the consultation we will confirm our quote in writing.

  • 04

    Preparation of documents

    Where we prepare any documents and give you written advice.

    We will make any further minor changes required by you or your partner.

  • Signing

    We will arrange for you and your partner to sign the BFA and the advice certificates.

Meet our team

We’re a tight-knit, multi-disciplinary team of lawyers, legal executives, accountants and software developers.  We’re also passionate community leaders, sportspeople, podcasters, musicians, parents… and proud that these interests inform our professional lives.

Legal Practitioner Director
Lucy is a talented lawyer, business administrator and manager who leads the development of the firm’s consumer legal services, bringing together people, technology and processes to design and deliver innovative legal services. In the legal sphere, Lucy supervises the……
Legal Practitioner Director
Michael has been practising law in Western Australia since 1997 and is an experienced lawyer in property law, family law and succession law. Michael has a strong base of knowledge and experience from assisting hundreds of clients in these……
Lawyer
Ginny joined the Birman and Ride team in February 2021 and works in the firm’s Family Law team. Since being admitted in Western Australia, she has worked solely in family law, this has become a passion for her, and……

FAQs

You can enter into a BFA at any time – before or during a relationship or after separation, whether you are married or in a de facto relationship. The agreement itself only takes effect if you and your partner separate – you may well never use it!

We only act in matters with BFAs made after separation.

If your agreement won’t be seen by the Court as fair, it may be best to draw it up as a Binding Financial Agreement. 

Read more about the advantages and disadvantages of BFAs here.

This depends on when you enter into the BFA.

BFA’s signed before or during a relationship typically specify how assets and liabilities will be divided if you and your partner separate.

BFA’s signed after separation tend to be quite specific and set out a series of agreed transactions that lead to financial separation.

Each party must declare their assets and liabilities to each other before the BFA is made. We recommend that the BFA include a comprehensive list of the current assets, liabilities and financial resources (whether in your name, your partner’s name, a family trust name, or a company or business name) of both parties.

The agreement cannot cover parenting matters.

Your partner must obtain independent legal advice before signing the BFA for the BFA to be binding. We can recommend lawyers who can assist.

Our advertised fees are for straightforward BFAs.

They do not include agreements involving large asset pools, complex transactions, complex financial affairs or superannuation splitting.

If your agreement is complex we will give you a quote for our services. For full terms see our Product Disclosure Statement.

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Testimonials

What our clients say

I was extremely satisfied and happy with the service provided by Virginia Romaines was at all times professional, supportive, empathetic, understanding, accommodating and clear. She made my legal experience comfortable and even enjoyable. Thank you for your support and very valuable advice.
Leith Mete
October 26, 2021
Excellent service. Cannot speak highly enough for your professionalism and expertise in dealing with my situation. Thank you so much for going above and beyond. Highly recommended.
Mr L
September 13, 2021
The process of land transfer was made easy by Virginia, I highly recommend her to anyone in the future!
Faith Chari
April 19, 2021
I was very happy with the efficiency of the completion of my consent orders and fully believe the same for the settlement of my home. Thank you so much.
Ms H
September 19, 2020
Melissa, thank you so much for all the help you’ve given me going through my divorce and property settlement.
Ms I
May 5, 2020
I am absolutely stoked with the results after Melissa Pitout has delivered what she had promised with great detail. Very good service, thank you Resolution Family Law.
Ms K
March 6, 2020

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