Financial agreements Sunshine Coast

"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life."
- Suze Orman

A financial agreement is a contract between two parties that sets out how the parties would like to divide their financial resources if the relationship comes to an end.

What is a financial agreement?
Under the Family Law Act 1975, you can enter into a financial agreement either before, during or after your relationship has ended.

What’s in a financial agreement

Asking the questions

There are significant and exacting conventional prerequisites for the creation of Binding Financial Agreements (BFA’s) also known as prenups.  Every lawyer must sign a certificate of independent legal advice indicating that advice has been given concerning the effect of the agreement and the advantages and disadvantages of it.

Spousal maintenance can also be dealt with in these agreements or, if the parties wish, the agreement can indicate that neither party will make a claim for spousal maintenance against the other.  Entering into a binding financial agreement effectively removes the authority with jurisdiction of the Court, allowing you and your ex-spouse to arrive at your own outcome without the court intervening. 

Getting expert family law guidance about prenups and spousal maintenance is essential.  Poorly or inadequately drafted agreements can be disastrous and often go hand-in-hand with unreliable family law advice.  Ineffectively structured agreements often lead to later litigation, leaving parties fundamentally out of pocket and exposed to unwanted interference by the courts.  Shanahan Family Law can give vital, bespoke advice about your circumstances to ensure a full and final property settlement.

Scroll to Top
Book initial consultation

Share your family matter with us and we will call you.

If your matter is urgent, please call us on (07) 5408 4470

Shanahan Family Law are hiring!

"Join our Sunshine Coast family law service"

If you have questions about this role, please call our office for a confidential chat (07) 5408 4470