Wednesday, July 10, 2013

Things To Consider Before In Getting A Binding Financial Agreement

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One of the things that create even bigger “fire” between couples undergoing separation is the division of assets.  In avoiding such, a binding financial agreement is an excellent decision to make. However, BFA requires certain rules and here is one of the most important things you need to know.

        A binding financial agreement is made either before, during or after the marriage or de facto relationship.
        It is best drafted and executed when you get independent legal advice.
        It covers financial settlement, support and incidental issues
        It should be drafted by a lawyer

Source: Westminster Lawyers - a website that offers the services of accredited family law specialists.

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