Family Law Property Division
Family Law Property matters are often complicated. Property matters can be finalized by Consent Orders, Binding Financial Agreement or by Court Orders.
Binding Financial Agreement
A Binding Financial Agreement (“BFA”) is often referred to as a post-nuptial agreement. A BFA requires Full and Financial disclosure by both parties and is not required to be just and equitable as it is not registered with the court. There are many circumstances where a BFA is not appropriate and where circumstances change, they can easily be set aside. To discuss whether a BFA is appropriate for you, please contact our office to make an appointment.
Where parties can come to an agreement on the division of property, they can formalise the agreement through consent orders and make an application to the court for the orders to be approved by the Court.
Orders by the Court
When you and your former spouse cannot come to an agreement on the division of your property wither party is entitled to apply to the court to determine the division of property on an interim and final basis.