Preparing an Airtight Binding Financial Agreement Binding Financial Agreements (BFA), also referred to as “pre-nups” are created when two parties have made a fully informed decision to enter into a binding agreement. The creation of an Airtight Binding Financial Agreement requires the parties to disclose their financial position, provide reasonable…
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What Happens to Home Loans, Mortgages and Properties After Divorce? One of the biggest concerns of parties whose marriage has broken down is what happens to financial resources and debt during this process. When it comes to matrimonial assets, one of the main considerations is whether the party who resides…
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Who Pays for Pregnancy Costs? What happens if you are pregnant and the father is longer willing to raise the child or provide financial assistance? Is the father still liable to pay relevant costs? Essentially, the answer is yes. The biological father of a child is liable to financially support…
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If Kobe Bryant was an Australian, resided in Queensland, and died without a valid Will (“intestate”) the laws of Queensland would decide how his vast estate would be divided. Because he had a wife and children it would work like this; His spouse would receive the first $150,000 of his…
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Property Valuation in Family Law Proceedings Commonly when two parties separate or divorce, the family home (also referred to as the matrimonial home) is typically the most valuable asset. As with most separations, one party moves out of the matrimonial home following the break down of the relationship, leaving questions…
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What Happens If My Ex Won’t Sign the Divorce Papers? Divorce can be a very difficult time in both parties’ lives. Sometimes after the breakdown of a marriage, one party has difficulty in accepting this fact and may refuse to sign divorce papers. Other situations might involve a controlling ex-partner…
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[vc_row][vc_column][vc_column_text]What is a Financial Agreement and what is the purpose of a Financial Agreement? Parties may wish to determine the ownership of their assets and liabilities whilst contemplating or living in a relationship (including same sex relationships), contemplating entering into a marriage, during a marriage or after a divorce, may…
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Who Is Responsible For Payment of School Fees and Extra-Curricular Activities Post Divorce? A major concern amongst parents who have children under their care is the payment and costs associated with extra-curricular activities. As sport, music, dance and other similar activities are popular with children of all ages, the costs…
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Also referred to as “pre-nups”, binding financial agreements are created between parties of a relationship or marriage to legally protect and allocate assets if the event the marriage ceases. Whilst many people believe planning for divorce before the marriage begins is controversial, a binding financial agreement is prudent estate planning,…
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Last year a Court dispute between Brad Pitt and Angelina Jolie resulted with the Superior Court of Los Angeles County imposing an order for the five children to spend more time with their father. When providing reasons for the judgment, the Court provided “it is critical that each child have…
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