BFA family law stands for Binding Financial Agreements. In
divorce or separation cases, there will be property settlement and
financial arrangements. This is when binding financial agreements
become useful. BFAs help the separating couple sort out their
financial relationship.
BFA family law is also commonly known as pre nuptial agreements
or simply as prenup. They are used interchangeably and
have the same meaning. But what exactly is the purpose of a BFA
under the Family Law Act?
BFAs, or prenuptial agreements, are documents that contain
information about the manner of dividing a couple's property,
assets, superannuation, and liabilities after the breakdown of a
marriage or relationship.
