Binding Financial Agreements on the Sunshine Coast

A Binding Financial Agreements is a written agreement that sets out how you and your former partner will divide your financial resources and property, when you separate. The main effects of a financial agreement are: to give you and your former partner finality with regard to your financial affairs, and to prevent either you or your former partner from making an application to the Family Court for the division of assets in a property settlement.

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How We Can Help You With Your Binding Financial Agreement

Amend your Binding Financial Agreement as required

Meet with you to take your instruction

Review documentation provided by you that details your assets and liabilities at the end of your relationship

Forward your Binding Financial Agreement to your former partner or your former partner’s legal representative

Review documentation provided by you that details your assets and liabilities on commencement of your relationship

Draft your Binding Financial Agreement and send to you for your feedback

Advise you as to spousal maintenance

Provide you with written advice about the consequences and implications of the Binding Agreement for you and your rights and obligations when you sign the Binding Financial agreement

Once you have received our written advice as to the consequences and implications of the Binding Financial Agreement, provide you with a Certificate as proof of the legal advice you received.

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Your Legal Champions, Ready to Fight

When tough decisions need robust legal backing, Anumis Legal steps up to the challenge. We combine assertive legal strategies with compassionate client care, ensuring you feel supported while aggressively pursuing your interests in any forum, from negotiation tables to courtrooms

Why Do You Need To Get Legal Advice About Your Financial Agreement?

It is important for you and your former partner to get legal advice to prevent either of you from arguing that, when you both signed the agreement, you – or your former partner did not understand what they or you were signing, or the consequences of your agreement. 

To become legally binding, your financial agreement must include: 

  

  1. A certificate from your legal adviser that clearly states that they have advised you. 
  2. A statement within the agreement by you and your former partner that you have received legal advice independent of each other.

You deserve solid experience, knowledge, and the very best legal backing to ensure you achieve your goals.

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What Must Your Financial Agreement Include to be Binding and Enforceable?

Your financial agreement is only legally binding once you and your former partner have each received independent legal advice. Under Family Law Act 1975both you and your former partner will need to receive a certificate of independent legal advice as to the advantages and disadvantages of entering into the agreement, and the effects of the agreement on your rights. 

What Else Should You Consider?

Your Binding Financial Agreement must detail how your assets and liabilities will be divided if your relationship breaks down.

You can draft your own agreement, or you can instruct the Anumis Legal Family Law Dream Team to draft your agreement for you, based on the information you provide to us and information we will ask of your former partner in a process called Disclosure.

There are multiple reasons to reach an agreement with your former partner as soon as possible:

  • It keeps you out of court
  • It reduces your stress levels
  • Saves you time
  • Saves you money

There are two components to consider:

  • Putting your agreement together
  • Getting independent legal advice

For Your Complimentary Chat

Book an appointment so that we can advise you on your options regarding your Family Law needs, call Dr John or Nadine Love on 07 5455 6347 to book your complimentary chat, now.

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How much does a Binding Financial Agreement Cost?

The cost of your Binding Financial Agreement depends on how complex or straight forward your financial circumstances are, and how easily (or not) you and your former partner can come to an agreement.

If resolving your financial property arrangements requires, for example: negotiation, mediation, complex estate planning, forensic accounting, untangling Superannuation matters, wrangling with crypto-currency and asset and property valuations to be agreed then the cost of finalising your Binding Financial Agreement will be higher than if your financial affairs are simpler to determine.

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How to Reduce the Amount You Spend on a Binding Financial Agreement

If you and your former partner readily disclose your assets and liabilities and you can both agree the terms of your financial agreement, and you have received independent legal advice, then your binding financial agreement can be wrapped up in a cost-effective way.

It stands to reason that if you can provide all the required information, so that your agreement can be fairly drawn up, then you will save yourself money. We appreciate that it is not always possible to find and provide all the information yourself. You will likely need to talk to your accountant, Superannuation provider and possibly other financial experts as well as your lawyer. 

What Must Your Financial Agreement Include To Be Binding & Enforceable?

Your financial circumstances, your age, needs, and health are unique and different to anyone else’s situation. This means that it is difficult to give you an exact cost for drafting a your binding financial agreement right here. We need to know more about your specific circumstances so that we can advise you more accurately as to likely costs. That’s why we welcome you to take advantage of a free chat at Anumis Legal, where you can ask questions and also provide us with the initial information we need to give you a costs estimate.

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Our Anumis Legal Family Law Team

We will explain your rights and help you to move forward. Call Nadine Love or Dr John Cronin on 07 5455 6347 or email admin@anumis.com.au for your complimentary chat and with our Noosa Marina Family Lawyers!

What Our Clients Say

Riley
Riley
a week ago
Nadine helped my wife and I put together our wills. Then at very short notice, helped my Nan do hers (along with sitting down with her to explain everything). Highly recommend!
Toni Collett
Toni Collett
4 months ago
Can not recommend more Highly for the Anumis Legal Services in Tewantin. Very professional people who are also down to earth. They take the time to explain (in English for the non law people) give honest advice and feedback and actioned all that needed to be done in amazing time. Thank you so much Nadine & John - you guys are amazing. I will also be verbally on recommending your firm to anyone who asks. Kindest Regards Toni C
Jason Mills
Jason Mills
4 months ago
Dr John and the whole team at Anumis legal are extremely professional but at the same time very approachable. This is the 2nd time we have used them for a commercial lease and the process has been straight forward and easy. I would not hesitate to recommend them. Bonus points for the cute dog too!
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D Lynn
5 months ago
My business has used Anumis Legal for all our business needs. We have used them for all our personal legal matters and have recommended them to friends who also have had exceptional service from all the team at Anumis. I highly recommend them for advice matters, legal document creation and other legal matters. 5 plus stars!!!!
Cheryl M
Cheryl M
4 months ago
Anumis Legal was recommended by a friend & we’re very pleased to have gone with his recommendation. Our matter was handled efficiently & resolved quickly. Thank you John, Nadine & Mira!

Meet Our Legal Team

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Dr John Cronin

Dr John Cronin holds a Master’s Degree in Business Management, a PHD in socially responsible investment, and is pursuing a further PHD in superannuation law. In his earlier engineering career, he led numerous large-scale equipment design and infrastructure development projects. A former financial and investment advisor, Dr John has a wealth of experience across banking, finance, and investment.

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Nadine Love

Nadine Love specialises in Family Law from the perspective that legal processes can and must promote wellbeing. Therapeutic Jurisprudence informs her compassionate, practical, respectful provision of legal services. In her pre-law career, Nadine devoted decades to working with groups and individuals as a therapist, mentor, trainer, and author to assist her clients to find clarity, confidence, and voice. Nadine holds a Master of Arts in Dramatherapy. In 2020, Nadine was awarded the NSW Bar Association Prize for Civil Litigation and Evidence.

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