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What is a Binding Financial Agreement, and do I need one?

What is a Binding Financial Agreement, and do I need one?

A Binding Financial Agreement (BFA) is a legally enforceable document under the Family Law Act 1975 in Australia that sets out how financial matters will be handled between you and your partner. It can address property division, spousal maintenance, and other financial issues, providing clarity and certainty in the event of a relationship breakdown.

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How are assets divided after separation or divorce?

How are assets divided after separation or divorce?

In Australia, the division of assets after separation or divorce is governed by the principle of what is “just and equitable,” as outlined in the Family Law Act 1975. The process involves assessing the financial and non-financial contributions of each party, as well as their future needs, to reach a fair outcome. Learn how it work.

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How do I file for divorce in NSW?

How do I file for divorce in NSW?

Filing for divorce in New South Wales (NSW) involves several steps to ensure compliance with Australian family law. Here’s what you should consider if you’re considering filing for divorce.

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What does a family lawyer (a family law solicitor) do?

What does a family lawyer (a family law solicitor) do?

A family lawyer, or family law solicitor, specialises in legal matters related to family relationships. They provide advice, support, and representation in situations involving separation, divorce, parenting arrangements, property settlements, and other family-related issues. Here’s a breakdown of what a family lawyer typically does.

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Why you need to have a binding death benefit nomination

Why you need to have a binding death benefit nomination

In a Will your personal assets will form part of your estate and will be distributed according to your wishes. However, your superannuation and any death benefit do not generally form part of your Estate, and therefore you need to do a Binding Death Benefit Nomination (BDBN) to ensure your Superannuation Balance and Death Benefit or related payments are paid in accordance to your wishes. Read our latest blog for more…

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Coparenting at Christmas, how to navigate Christmas when separated…

Coparenting at Christmas, how to navigate Christmas when separated…

With Christmas fast approaching, the festive season can feel especially daunting if you’ve recently separated. It’s normal to feel overwhelmed or uncertain about how to manage the holidays in this new dynamic. While things may not look the same as they used to, you don’t have to have it all figured out immediately, but now is the right time to start thinking about what your plans will look like. This is an opportunity to create new traditions and lasting memories!

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Parenting courses to consider after separation

Parenting courses to consider after separation

Separation is a life-altering experience for both parents and children. While the relationship between partners changes, the responsibilities of parenting remain, often becoming even more challenging. Navigating these new dynamics requires patience, understanding, and, at times, outside support. One powerful way to gain this support is by completing a parenting course after separation.

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The Role of Daughters-in-Law in Australian Farm Succession Planning

The Role of Daughters-in-Law in Australian Farm Succession Planning

A recent study by the University of New England looks at the role a daughter-in-law plays in family farming and succession planning. Our latest blog looks at this research and discusses gender roles and legal concerns, along with expert insights from Maggie Orman. Discover how inclusive practices and early planning can help preserve farming legacies and ensure the success of future generations.

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