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De Facto Financial Agreement

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.To know more, visit: www.its-over.com.au/binding-financial-agreements

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De Facto Financial Agreement

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

  2. 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

  3. 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.

  4. 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.

  5. 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

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

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