Preparation or Advice on Binding Financial Agreement

Preparation or Advice on Binding Financial Agreement

Fixed Fee BFA Advice/Prepare or Review Offer! $1490 plus GST

If your relationship has broken down, we charge a fixed fee of $1490 (pus GST) plus disbursements for advice on a Standard Binding Financial Agreement, which covers the entire standard process including:

  1. Initial consultation with you and taking specific instructions as to the proposed draft Binding Financial Agreement that has been provided to you or us by your partner’s Solicitors
  2. Providing written legal advice on the proposed Binding Financial Agreement, including in relation to the advantages and disadvantages of entering into same
  3. Taking instructions from you in relation to the proposed reasonable amendments that we have advised you to make or that you require us to make
  4. Preparing a draft letter to be issued to the Solicitors for your partner, requesting any amendments that you have requested us to make.
  5. Receiving any response from the Solicitors for your partner, advising you on proposed final changes and witnessing the Execution of the final form of the Binding Financial Agreement (please note we allow for one or two drafts only for this fee in terms of charges and if the matter extends beyond this- we may charge extra fees).
  6. Execution of the required Solicitor’s Certificate
  7. Forwarding the executed Binding Financial Agreement to the other side
  8. Preparation of up to two (2) certified copies of the Binding Financial Agreement.

What is a standard Binding Financial Agreement?

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A Standard Binding Financial Agreement means:

i. a Binding Financial Agreement that is available to us in Microsoft word format or such other electronic format as might allow us to make amendments to same; and

ii. a proposed Binding Financial Agreement that is, as determined by us in our discretion, standard and requiring reasonable amendments to same, which might be relevant and appropriate to your specific circumstances.

Non-standard Binding Financial Agreement

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Non-standard Binding Financial Agreement means:

i. a Binding Financial Agreement that is, as determined by us in our discretion, not standard and requiring unreasonable amendments to same, which might be relevant and appropriate to your specific circumstances; and/or

ii. a Binding Financial Agreement that is a complicated Binding Financial Agreement, as determined by us in our sole discretion (including, but not limited to, a Binding Financial Agreement before or during a Marriage).

What fees do you charge for legal advice in relation to a non-Standard Binding Financial Agreement?

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Non-standard Binding Financial Agreement means:

We are always happy to act for clients and provide legal advice in relation to complicated or non-standard Binding Financial Agreements.

We will usually be able to offer you a fixed-fee quote in relation to such legal advice. In order to obtain a fixed-fee quote for advice on a complicated or non-standard Binding Financial Agreement, please contact our office and discuss the matter with one of our Senior Family Lawyers.

What are the disbursements?

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Disbursements are the expenses that are incurred by us in the course of the matter.

In a matter where we are advising on a Binding Financial Agreement, disbursements normally include, amongst other things, payments made to third parties, for documents or services such as Superannuation Statements, title searches, Company Searches and PPSR searches.

In most cases, the disbursements incurred by us in a standard matter do not exceed $200. In some cases the services of a valuer may be needed.

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