Have You Been Asked To Sign A Binding Financial Agreement?
One of the most common situations we encounter is where a person receives a Binding Financial Agreement from their partner or their partner’s lawyer and is asked to sign it.
Many people feel uncertain when they first receive the document.
Common questions include:
Is this agreement fair?
What rights am I giving up?
What happens if I sign?
What happens if I refuse?
Can the agreement be changed?
Do I need independent legal advice?
Obtaining independent legal advice before signing is one of the most important steps in the process.
What Is A Binding Financial Agreement Review?
A Binding Financial Agreement review involves a solicitor carefully assessing the agreement and advising you regarding:
The legal effect of the agreement.
Advantages of signing.
Disadvantages of signing.
Potential risks.
Property outcomes.
Financial implications.
Future consequences.
This process assists you in making an informed decision before signing.
Why Independent Legal Advice Matters
Independent legal advice is a critical component of Binding Financial Agreements.
The purpose of legal advice is to ensure you understand:
The effect of the agreement.
The rights being affected.
The advantages and disadvantages.
The potential consequences of signing.
Many people do not fully appreciate the significance of the agreement until they obtain legal advice.
Fixed Fee Binding Financial Agreement Review
Adams United Lawyers offers fixed-fee Binding Financial Agreement reviews.
Fixed Fee Review
$990 Including GST
Includes:
Detailed review of the agreement.
Written legal advice.
Consultation with Principal Solicitor Darren Adams.
Independent legal advice certificate.
Assistance with execution and signing.
What We Review
We assess issues including:
Property division.
Asset protection.
Inheritance provisions.
Business interests.
Family trusts.
Superannuation.
Maintenance provisions.
Future financial outcomes.
Risk areas.
Structural issues.
Drafting concerns.
Potential unfairness.
Clause-By-Clause Review
A proper review involves more than simply reading the agreement.
We provide detailed advice regarding:
Individual clauses.
Legal effect.
Practical consequences.
Future risks.
Potential negotiation points.
Many clients are surprised by issues they had not previously considered.
Can A Binding Financial Agreement Be Changed?
In some circumstances, amendments may be negotiated before signing.
Many agreements go through multiple revisions before finalisation.
This often depends on:
The circumstances of the parties.
The terms proposed.
The willingness of parties to negotiate.
Australia-Wide BFA Reviews
We regularly review agreements for clients throughout:
Queensland.
New South Wales.
Victoria.
Western Australia.
South Australia.
Tasmania.
Canberra.
Northern Territory.
Most reviews can be completed remotely.
Why Clients Obtain A Review
Common reasons include:
Protecting property rights.
Understanding legal consequences.
Reviewing inheritance provisions.
Reviewing business protections.
Reviewing trust structures.
Obtaining independent legal advice.
Ensuring informed decision-making.
Frequently Asked Questions
Do I Need Independent Legal Advice?
Independent legal advice is generally a critical component of the Binding Financial Agreement process.
How Much Does A BFA Review Cost?
Our fixed-fee review is $990 Including GST.
Does The Review Include Written Advice?
Yes.
Does The Review Include An Independent Legal Advice Certificate?
Yes.
Can Amendments Be Negotiated?
In many circumstances, yes.
Do You Assist Clients Australia-Wide?
Yes.
Speak With A Binding Financial Agreement Review Lawyer
If you have received a Binding Financial Agreement and require independent legal advice before signing, contact Adams United Lawyers.
Binding Financial Agreements Australia
Defacto Financial Agreement Australia (2025 Guide ) Fixed Fees