The use of Binding Financial Agreements in estate planning

Protecting assets against disasters such as death, bankruptcy and divorce is growing in momentum in “Greying Australia”. There are more retirees entering into relationships, and complicated blended family situations abound. Currently, the divorce rate for first marriages is close to 40%, higher for second and subsequent marriages. Given that reality with relationship breakdowns, couples entering a relationship may prefer to consider ordering their affairs in the event of a breakdown of their relationship before the relationship commences or before it breaks down. The alternative is for the Family Court to determine financial division. This can be costly, emotionally draining and results can be unexpected.  Read more of this post