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De Facto Financial Agreement .pdf



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IT'S-OVER
www.its-over.com.au

ABOUT US


We are always here to help you understand the laws that govern de facto
relationships and help you protect your assets.



For more information, visit: www.its-over.com.au

BINDING FINANCIAL AGREEMENTS


A Binding Financial Agreement can be a useful and cost effective
instrument, which provides certainty and control to parties as to how their
assets will be divided upon the breakdown of a relationship.



A BFA can be done before commencement of cohabitation, during
cohabitation or after the end of the relationship.

DE FACTO PROPERTY SETTLEMENT


If you are in a de facto relationship for longer than 2 years you could find
that you have a legal obligation to provide your ex partner with a property
adjustment should your relationship breakdown.



Some de facto couples choose to draw up financial agreements before or
during their relationship, which are similar to "prenuptial" agreements.

DE FACTO RELATIONSHIP LAWS


De facto relationships are dealt with under the Family Law Act 1975. As a
result of changes to the law in which all states and territories with the
exception of Western Australia passed their power in relation to dealing
with the division of property between separating de facto couples to the
Commonwealth Government.



To know more, visit: www.its-over.com.au

VISIT US
Level 13, 200 Queen Street
Melbourne Victoria Australia 3000
Phone: 1300 58 58 52


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